College president salaries trend ever higher

An editorial from The Herald-Dispatch 

HUNTINGTON, W.Va. — The Chronicle of Higher Edu­cation came out with an eye­opening report last week, showing that nine public college pres­idents earned more than $1 million in total compensation in 2013.

Topping the list was Gordon Gee, who was paid $6.1 million as the head of Ohio State University. Of course much of that was related to his depar­ture. Gee’s big haul includes $3.3 mil­lion in deferred pay and $1.55 million in retirement and severance pay.

Gee has now moved to West Virgin­ia University, where he is expected to make a more modest $775,000. Most of the other top-paid public college presidents earned in the $1 million to $1.6 million range. Pay is even higher for some private college presidents, with an earlier survey showing 42 making more than a million, with a handful earning more than $3 million a year.

The median pay for presidents in the Chronicle’s survey of public insti­tutions was $479,000, and the median pay for private ones was a little less.

Most of the presidents in West Virgin­ia are below that mark, but many in Ohio and Kentucky are much higher.

But overall — for public and private, large schools and small — salaries have been rising sharply over the past decade…

Click here for more. 

Comments are closed.

Subscribe to Our Newsletter

Subscribe to Our Newsletter

And get our latest content in your inbox

Invalid email address