Some university presidents' salaries on the rise, others hold steady
Knight Ridder Tribune
Issue date: 11/17/04 Section: News
- Page 1 of 3 next >
KRT - The University of Washington, with the nation's top-rated medical school for primary care and the 25th-ranked undergraduate business program, now has what some may regard as a dubious national distinction: the highest-paid public-university president.
The Chronicle of Higher Education's annual compensation survey, released Monday morning, puts UW President Mark Emmert at the top of the heap with a salary-and-benefits package of $762,000.
Georgia State's Carl Patton ($722,350) is listed as the second-highest-paid public-university president, followed by the University of Michigan's Mary Sue Coleman ($677,500).
Former UW President Richard McCormick, now president of Rutgers University in New Jersey, with a salary-and-benefits package of $625,000 was ranked seventh by The Chronicle.
They are among the 59 public- and private-college presidents earning more than $500,000 annually, a record high, according to The Chronicle, a national weekly education newspaper.
What Emmert makes isn't news. When he signed his contract in April, the UW said it was giving him $470,000 in annual pay, a one-time signing bonus of $160,000, $120,000 a year in deferred compensation if he stays for five years and a $1,000-a-month car allowance.
The new perspective is simply that by The Chronicle's calculations, that total compensation package is the highest among public universities for 2004-05.
In comparison, Washington State University President V. Lane Rawlins will make nearly 41 percent less than Emmert with a compensation package of $451,437, according to The Chronicle.
Johns Hopkins University President William Brody ($897,786) is the top-paid private-college president and the highest overall.
Many national recruiters and administrators predict Emmert's pay package will quickly be surpassed by many other public-university presidents.
Henry Levin, director of the National Center for the Study of Privatization in Education at Columbia University, said college administrators get hefty pay packages to deliver in two areas: recruiting faculty superstars and leading multimillion and even billion-dollar fund-raising campaigns.
The Chronicle of Higher Education's annual compensation survey, released Monday morning, puts UW President Mark Emmert at the top of the heap with a salary-and-benefits package of $762,000.
Georgia State's Carl Patton ($722,350) is listed as the second-highest-paid public-university president, followed by the University of Michigan's Mary Sue Coleman ($677,500).
Former UW President Richard McCormick, now president of Rutgers University in New Jersey, with a salary-and-benefits package of $625,000 was ranked seventh by The Chronicle.
They are among the 59 public- and private-college presidents earning more than $500,000 annually, a record high, according to The Chronicle, a national weekly education newspaper.
What Emmert makes isn't news. When he signed his contract in April, the UW said it was giving him $470,000 in annual pay, a one-time signing bonus of $160,000, $120,000 a year in deferred compensation if he stays for five years and a $1,000-a-month car allowance.
The new perspective is simply that by The Chronicle's calculations, that total compensation package is the highest among public universities for 2004-05.
In comparison, Washington State University President V. Lane Rawlins will make nearly 41 percent less than Emmert with a compensation package of $451,437, according to The Chronicle.
Johns Hopkins University President William Brody ($897,786) is the top-paid private-college president and the highest overall.
Many national recruiters and administrators predict Emmert's pay package will quickly be surpassed by many other public-university presidents.
Henry Levin, director of the National Center for the Study of Privatization in Education at Columbia University, said college administrators get hefty pay packages to deliver in two areas: recruiting faculty superstars and leading multimillion and even billion-dollar fund-raising campaigns.
