Navy Adm. William McRaven, right, the next chancellor of the University of Texas System, receives a hug from current chancellor Francisco Cigarroa, left, after addressing the Texas Board of Regents, ... more 
Navy Adm. William McRaven, right, the next chancellor of the University of Texas System, receives a hug from current chancellor Francisco Cigarroa, left, after addressing the Texas Board of Regents, Thursday, Aug. 21, 2014, in Austin, Texas. McRaven starts in January; System officials say he will make $1.2 million a year. (AP Photo/Eric Gay) less 
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Associated Press | Photo By Eric Gay
Thu, Aug 21, 2014 2:30 PM EDT