| Presidents, Not Highest Paid at Colleges |
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| by Tom McGregor | Mon, Feb 23, 2009, 10:25 PM |
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Presently, an analysis of tax filings of more than 4,000 other employees at 600 private colleges reveal that presidents’ earnings are relatively modest. According to the USA Today, “for example, the head football coach at the University of Southern California and a Columbia University dermatologist each earned more than $4 million in 2007, making them the highest paid employees at private colleges. The presidents meanwhile, earned about $900,000 and $1.4 million respectively.” The Chronicle of Higher Education released a report today on the salaries of employees other then presidents, which has also published a report on presidents’ compensation each fall for more than 15 years. It is expanding its scope to other employees, it says, since their compensation “contributes to the broader national discussion about appropriate levels of pay for leaders in all sectors,” including higher education. Jeffrey Selingo, the Chronicle editor, said “there are other people getting prety big paychecks,” besides presidents. As reported by the USA Today, “of the 88 employees who earned more than $1 million, 11 held the chief executive post - typically either chancellor or president. Of the 293 who earned $500,000 or more, fewer than a third were presidents. Athletic coaches and directors, medical school faculty and administrators and investment managers made up about half.” The focus is on private institutions since the same level of detail for public college employees does not exist. Yet earlier research suggest a similar pattern. An analysis of football coaches’ salaries in 2006 by the USA Today discovered 50 who earned $1 million or more; most were at public universities, and many earned more than $2 million. In the Chronicle’s November report on 2007 presidential compensation, Ohio State’s Gordon GEE earned $1.3 million, ranking as the highest-paid public university president. Nevertheless, the Chronicle and USA Today listed Pete Carroll, head coach of the University of Southern California, as the top earner at a private institution. To read the entire article from the USA Today, link here: This e-mail address is being protected from spam bots, you need JavaScript enabled to view it
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In November, presidents of a number of colleges pledged to take a pay cut or otherwise return part of their salaries in a method to help buffer their schools against the struggling economy.
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