The Chronicle of Higher Education just released the 2009 survey results for executive pay at Private Universities. The information from this survey is interesting, especially considering the financial climate and Wesleyan’s current discussion among the faculty, WSA, and in three weeks the Board of Trustees, to find ways to cut Wesleyan’s budget. To put the numbers in perspective some of the cuts articulated in the WSA’s recent survey included cuts to the WESU and Green Street subsidies valued at $50,000 and $215,000 over a five year period. The difference in President Roth’s salary and that of President Owen (Williams), is approximately $110,000 per year.
“The median pay for those reviewed, which was $358,746, increased 6.5 percent from the 2006-7 fiscal year. Presidents at research universities fared even better, with a median of $627,750, an increase of 15.5 percent.” Still, of the 414 institutions in the survey over 100 had presidents earning upwards of $600,000. The article goes on to say that “the increase in salaries can partially be attributed to the trustees who set the president’s compensation and come to the table with corporate backgrounds.”
In a time where budget cuts are the norm and salary caps are being proposed for executives in the business world, should our president receive such a large salary? How does one determine how much a school president is worth, and who has the authority to do so?
Tell us what you think, Wesleyan.
President Roth, Wesleyan:
Year
|
Title
|
Pay
|
Benefits
|
Expense account
|
Total compensation
|
2007-8
|
Wesleyan University, president
|
$564,007
|
$76,751
|
$26,682
|
$640,758
|
Morton Owen Schapiro, Williams:
Year
|
Title
|
Pay
|
Benefits
|
Expense account
|
Total compensation
|
2007-8
|
Williams College, president
|
$435,000
|
$93,201
|
$80,438
|
$528,201
|
Ronald D. Liebowitz, Middlebury:
Year
|
Title
|
Pay
|
Benefits
|
Expense account
|
Total compensation
|
2007-8
|
Middlebury College, president
|
$330,152
|
$183,860
|
$126,855
|
$514,012
|
Marvin Krislov, Oberlin:
Year
|
Title
|
Pay
|
Benefits
|
|
Total compensation
|
2007-8
|
Oberlin College, president
|
$288,113
|
$65,438
|
|
$353,551
|
Anthony W. Marx, Amherst:
Year
|
Title
|
Pay
|
Benefits
|
|
Total compensation
|
2007-8
|
Amherst College, President
|
$319,265
|
$184,092
|
|
$503,357
|
Catherine Hill, Vassar:
Year
|
Title
|
Pay
|
Benefits
|
Expense account
|
Total compensation
|
2007-8
|
Vassar College, president
|
$390,500
|
$59,637
|
$23,601
|
$450,137
|
Karen R. Lawrence, Sarah Lawrence College:
Year
|
Title
|
Pay
|
Benefits
|
Expense account
|
Total compensation
|
2007-8
|
Sarah Lawrence College, president
|
$291,667
|
$30,144
|
$85,750
|
$321,811
|
Ruth J. Simmons, Brown University
Year
|
Title
|
Pay
|
Benefits
|
Expense account
|
Total compensation
|
2007-8
|
Brown University, President
|
$636,158
|
$182,304
|
$0
|
$818,462
|
Check out the article here.