December 10, 2012

President's pay package rising at private colleges

The Associated Press

Compensation for private college presidents has continued to drift upward, while the number crossing the $1 million barrier -- a signal of prestige, and a magnet for criticism -- held steady at 36, according to a new survey.

The latest annual compilation by The Chronicle of Higher Education covers data from 2010, due to lag time in the release of federal tax information. That year, median compensation for the 494 presidents in the survey -- leaders of institutions with budgets of at least $50 million -- was $396,649, or 2.8 percent higher than in last year's survey. But median base salary fell slightly, by less than 1 percent.

The highest paid was Bob Kerrey, who was president of The New School in New York until December 2010 before returning to Nebraska, where he made an unsuccessful run to return to the U.S. Senate. Kerrey's total compensation was valued at just over $3 million. His base salary was just over $600,000, but he received the rest in the form of a retention bonus, deferred compensation and other benefits.

The highest-paid in 2010 who is still on the job is Shirley Ann Jackson of Rensselaer Polytechnic Institute in New York, who was No. 2 at $2.34 million. The highest base salary went to John Sexton of New York University and totaled $1.24 million.

 

Were you interviewed for this story? If so, please fill out our accuracy form

Send question/comment to the editors




Further Discussion

Here at PressHerald.com we value our readers and are committed to growing our community by encouraging you to add to the discussion. To ensure conscientious dialogue we have implemented a strict no-bullying policy. To participate, you must follow our Terms of Use.

Questions about the article? Add them below and we’ll try to answer them or do a follow-up post as soon as we can. Technical problems? Email them to us with an exact description of the problem. Make sure to include:
  • Type of computer or mobile device your are using
  • Exact operating system and browser you are viewing the site on (TIP: You can easily determine your operating system here.)