“Highest-Paid Presidents Face Backlash, Study Finds”
“When defending compensation of $1-million and more for college presidents, trustees and university officials often repeat a simple refrain: Attracting the best talent costs money.
“In 2011 the 10 highest-paid private-college presidents cost their institutions an average of about $2.3-million each. Some trustees would say that's a bargain compared with the amount a high-caliber president can bring in through fund raising. But the actual cost to a university of having one of the highest-paid presidents in the country may be more than just salary and benefits, according to a new working paper.”
“Institutions whose presidents appear in The Chronicle's top-10 list of highest-paid private-college executives receive between $2.8-million and $4.5-million less in donations the following year than their peers whose presidents are outside the top 10, according to the paper.”
Read the whole thing here: http://chronicle.com/article/Highest-Paid-Presidents-Face/143599/?cid=wb&utm_source=wb&utm_medium=en
Here is the actual list:
Executive Compensation at Private Colleges, 2011
What are your thoughts?
Dr Flavius A B Akerele III