University presidents' pay rises above $525,000

Parents Forum
1

<p>According to an article in the Financial Times today.</p>

<p>Ref: <a href="http://tinyurl.com/yudfty%5B/url%5D"&gt;http://tinyurl.com/yudfty&lt;/a&gt;&lt;/p>

<p>"According to an annual survey to be released today, the median pay of leaders of private universities has risen by 37 per cent in the past five years to $528,105. Overall, 81 presidents of private institutions made more than $500,000 in the 2006 fiscal year, up 200 per cent from five years earlier."</p>

<p>and</p>

<p>"Public university presidents also saw a significant increase in compensation. In the 2006-7 fiscal year, eight public research institutions paid their president at least $700,000, compared with two that paid that much the year before. Still, the study points out, none of the higher-paid presidents at public institutions made as much as their head football coaches."</p>

<p>Are these people delivering value for money?</p>

2

<p>Obviously, I chose the wrong career. Motherhood isn't paying the gasoline bill the way it used to.</p>

<p>Wow. I can't think of any college president (living in university housing??) who might be worth $700K</p>

3

<p>Many run a multi billion $$$ budget and are expected to raise at least $100 million a year and field winning sports programs without any trouble. Seems reasonable to make $500K-$1 million.</p>

4

<p>If that bugs you, don't look at the coaches' salaries! :)</p>

5

<p>
[quote]
Wow. I can't think of any college president (living in university housing??) who might be worth $700K

[/quote]

I thought they usually lived in the University-provided mansion rent-free. You should see the one at UCSD on a bluff top overlooking the Pacific. Apparently it's a $12M 'fixer-upper' (requires some work) according to a 2 y/o article, but not to worry, the University kicked in $6500 monthly rent for the chancellor while the work's going on in the mansion. I don't know what the current state of it is.</p>

<p>SignOnSanDiego.com</a> > News > Education -- Historic UCSD house may be saved</p>

6

<p>Barrons, I suppose you are right. I was thinking of the Dean from the movie Animal House... or maybe the pres of a local "Unheardof College." And if one is good at bringing in the dollars, why not get the financial pat on the back?</p>

7

<p>Exactly kelsmom. At similar D-1 schools the football coach often makes double the President.</p>

8

<p>It's similar to what hospital CEO's make.</p>

9

<p>Shirley Jackson at RPI makes $1.2million and Suny Albany Nanotech guru Kayaleros is even more...</p>

10

<p>$525K is a pittance compared to executive salaries at many failing companies</p>

11

<p>Our president, who runs a corporation of 55,000 people (students and staff), makes $341,495, which includes a car, a house, retirement pay, and club dues. Chickenfeed.</p>

<p>Consider that your are available 24 hours a day; your life is not your own; you are where the buck stops; and you are located in the the state capitol with loads of legislators grossly unsympathetic to the University. Chickenfeed.</p>

<p>Heck his salary is so low that there are many professors making more money them him. You don't even have to compare him to the football coach.</p>

12

<p>Why don't you ask Denise Denton, a former professor here, how wonderful it was to be a Chancellor at UCSC?</p>

<p>Jobs</a>, News and Views for All of Higher Education - Inside Higher Ed :: Suicide of a Chancellor</p>

13

<p>*I was thinking of the Dean from the movie Animal House... *
Speaking of Animal House, I was just remembering what a great movie that was, and googled it finding that it was filmed at U of O.
U of O was also the choice of Mike Nichols who filmed The Graduate, however the president turned that movie down. After he saw and loved the movie, he decided he didn't know how to read scripts and allowed the filming of Animal House. No word on whether he regretted his decision. ;)</p>

14

<p>Michigan president Mary Sue Coleman makes somewhere upward of $750,000. Considering that U of M's budget is greater than that of 4 states, I'd say it's appropriate.</p>

15

<p>I’ll start to worry about college presidents pay when they start making more than their football couch.</p>

16

<p>I wanted to bring back this thread to cite the allegations made against the president of Oral Roberts and his family. These were contained in the Chronicle of Higher Education. Note that this is a compilation of rumors, and none of them may be true.</p>

<p>
[quote]
THE ALLEGATIONS</p>

<p>Richard Roberts ordered university employees to post a personal message for his daughter on the Mabee Center electronic marquee. Mrs. Roberts called an unspecified vice president at 3 a.m. to demand the message be posted.</p>

<hr>

<p>Automobiles driven by Mrs. Roberts and the family's daughters are routinely washed, waxed, cleaned, and fueled by university personnel. Richard Roberts makes token payment for compliance purposes.</p>

<hr>

<p>The university provides and stocks a commercial soda machine in the garage of the Roberts home — with all expenses being borne by the university.</p>

<p>University property — specifically golf carts — sustained serious damage at the hands of the Roberts children. Damages caused by the daughters were billed to the university.</p>

<p>University and [Oral Roberts Ministries] employees are regularly summoned to the Roberts's home to do the daughters' homework.</p>

<hr>

<p>The university/ministry pays for all the family's home phones and cellphones without limits. Cellphone bills for Mrs. Roberts and her daughters consistently run over $800/month.</p>

<hr>

<p>Mrs. Roberts personally awarded 13 nonacademic, non-need-based scholarships exclusively to friends of her children. Two of the recipients scored 12's on the ACT, making them academically ineligible for admission to the university.</p>

<hr>

<p>Richard Roberts receives complete housing benefits from the university, which include all associated costs: e.g., 13 Internet/cable connections, wide-screen televisions, hot tubs, an Imperial stove ($15,000), washer/dryers ($6,000), and all furnishings.</p>

<p>The university jet was used to take one daughter — with several of her friends — on a senior trip to Orlando, Fla., and the Bahamas. The Bahamas portion of the trip was spent at the luxurious Atlantis hotel and resort. This trip was billed to the ministry as an "evangelistic function of the president." The university was billed $29,411 for the costs of this "senior trip."</p>

<hr>

<p>ORU/ORM maintains a stable of horses for the exclusive use of the Roberts children. All costs associated with this stable are borne by the university.

[/quote]
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