Presidents of private colleges in Western Pa. yet to crack $1 million mark in compensation
By Local and Wire Reports
Published: Monday, Dec. 10, 2012, 12:01 a.m.
Compensation for presidents of private colleges has continued to rise nationally, but none in Western Pennsylvania has yet cracked the $1 million mark.
Pay packages for a dozen presidents in Western Pennsylvania ranged from $178,461 for Sister Candace Introcaso at La Roche College to $860,982 for Jared L. Cohon at Carnegie Mellon University, according to figures reported by the schools. The figures cover fiscal 2011.
Across the country, the number of $1 million presidents held steady at 36, according to the latest annual survey by The Chronicle of Higher Education, a national weekly on higher education. The data go back to 2010 because of lag time in the release of federal tax information.
That year, median compensation for the 494 presidents in the survey — leaders of institutions with budgets of at least $50 million — was $396,649, or 2.8 percent higher than in last year's survey. The median base salary fell, but by less than 1 percent.
Cohon's pay ranks third among presidents of private colleges in Pennsylvania and 50th nationwide, according to The Chronicle.
No. 1 in the state is Amy Gutmann of the University of Pennsylvania at $1.46 million; No. 2 is Alice P. Gast of Lehigh University at $917,877.
Holding the top spot nationwide was Bob Kerrey, who was president of The New School in New York until December 2010 before returning to Nebraska, where he made an unsuccessful run to return to the Senate. Kerrey's compensation was more than $3 million. His base salary was just over $600,000, but he received a $1.2 million retention bonus and more than $620,000 in deferred compensation.
It is common for such payments to inflate compensation for presidents in their final year in a position. Three presidents in 2010's top 10 are no longer at those institutions: Kerrey; David Pollick of Birmingham-Southern College; and Steven Sample of the University of Southern California.
The highest paid in 2010 who remains on the job is Shirley Ann Jackson of Rensselaer Polytechnic Institute in New York, who was No. 2 at $2.34 million, followed by Pollick, at $2.31 million. The highest base salary belonged to John Sexton of New York University and totaled $1.24 million out of $1.48 million total compensation.
The Chronicle previously compiled salary data for the presidents of public institutions, which was available for 2011. Those figures showed three public university presidents made more than $1 million in 2011, led by Gordon Gee of The Ohio State University with compensation of just under $2 million.
At the other end of the scale are presidents of roughly two dozen Roman Catholic institutions — including Villanova University, Boston College, Marquette and a number of smaller schools — whose compensation is zero. All are either clergy or members of religious orders.
The Chronicle reports this year that half of the institutions that employed the 50 highest-paid college presidents in 2010 used a practice called “grossing up,” adding additional cash and benefits to compensation packages to make up for the taxes recipients pay. The practice has been largely abandoned at publicly traded companies amid shareholder criticism, but it appears alive and well in the nonprofit sector.
Show commenting policy
TribLive commenting policy
You are solely responsible for your comments and by using TribLive.com you agree to our Terms of Service.
We moderate comments. Our goal is to provide substantive commentary for a general readership. By screening submissions, we provide a space where readers can share intelligent and informed commentary that enhances the quality of our news and information.
While most comments will be posted if they are on-topic and not abusive, moderating decisions are subjective. We will make them as carefully and consistently as we can. Because of the volume of reader comments, we cannot review individual moderation decisions with readers.
We value thoughtful comments representing a range of views that make their point quickly and politely. We make an effort to protect discussions from repeated comments either by the same reader or different readers.
We follow the same standards for taste as the daily newspaper. A few things we won't tolerate: personal attacks, obscenity, vulgarity, profanity (including expletives and letters followed by dashes), commercial promotion, impersonations, incoherence, proselytizing and SHOUTING. Don't include URLs to Web sites.
We do not edit comments. They are either approved or deleted. We reserve the right to edit a comment that is quoted or excerpted in an article. In this case, we may fix spelling and punctuation.
We welcome strong opinions and criticism of our work, but we don't want comments to become bogged down with discussions of our policies and we will moderate accordingly.
We appreciate it when readers and people quoted in articles or blog posts point out errors of fact or emphasis and will investigate all assertions. But these suggestions should be sent via e-mail. To avoid distracting other readers, we won't publish comments that suggest a correction. Instead, corrections will be made in a blog post or in an article.
- Allegheny, Beaver, Butler, Washington, Westmoreland counties weigh shale gas drilling on public land
- Worst of winter storm expected to miss Pittsburgh
- Penn State to add cameras at main campus to enhance security
- ‘12 Days of Christmas’ items top $114K
- Former postmaster pleads guilty
- Lawmakers propose removing state judges from Pennsylvania ballots
- Painting displayed in Johnstown honors fallen Pa. National Guard aviators
- Blood cancers get new enemy
- Grants aren’t the same old payouts, Corbett says
- Bill would require disclaimer on Liquor Control Board ads
- Corbett seeks approval for Medicaid alternative