Posted in: Special Report
Times are tough — but not so much for the presidents at these private colleges. Check out the rise in their salaries. In a recent study, the salaries of presidents at 36 colleges were 33% higher in 2009 compared to the year before.
Here are the highest-paid college presidents in 2009, according to The Chronicle of Higher Education:
- Drexel: Constantine Papadakis, $4,912,127 (although the bulk of this came from his life insurance and previously accrued compensation that was paid to his wife after his death in the spring of that year.)
- Johns Hopkins: William R. Brody, $3,821,886
- University of the Pacific: Donald V. DeRosa, $2,357,540
- Northwestern: Henry S. Bienen, $2,240,775
Here’s another interesting fact the study turned up:
Compared with the average pay and benefits a full professor received, the typical college president at the same institution earned 3.7 times as much.
In one instance — Maryland’s Stevenson University — president Kevin J. Manning earned more than 16 times as much as the average full professor at his school, with earnings of $1,491,655.
And at five other schools, the president earned at least 10 times as much as a professor: Rensselaer, Vanderbilt, Millsaps College, Brandeis and Hendrix College.
Are college presidents deserving of these high earnings? Let us know what you think in the comments section below.
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