The notion that nonprofit universities and colleges are nonprofits seems positively quaint - unless you're talking about Catholic colleges and universities:
Justin Pope, Private College Presidents Pay Was up Slightly (Dec. 10, 2012):
Compensation for private college presidents has continued to drift upward, while the number crossing the $1 million barrier — a signal of prestige, and a magnet for criticism — held steady at 36, according to a new survey.
The latest annual compilation by The Chronicle of Higher Education covers data from 2010, due to 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. But median base salary fell slightly, by less than 1 percent.
The highest paid 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 U.S Senate. Kerrey's total compensation was valued at just over $3 million. His base salary was just over $600,000, but he received the remainder in the form of a retention bonus, deferred compensation and other benefits.
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Then there's the other end of the scale — 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.
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Then there's the other end of the scale — 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.
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6 comments:
But (American) college football coaches generally earn more than anyone else at a college or university (with the possible exception of some doctors).
Why don't private incorporated colleges and universities pay corporate income taxes? Does it really make any difference that (most) colleges and universities don't issue stock?
It is too early to say that colleges and universities are no longer keepers of the flame(s) of civilization. But it is true that much cutting-edge research now takes places at (1) commercial companies such as Google and (2) think tanks. It is also true that the pretensions of those college professors who purport to teach ethics and values are nothing more than pretensions (because pure proceduralism cannot generate a plausible ethics).
Compare with original post: Ariel Kaminer, N.Y.U. Head Faces Prelude to a No-Confidence Vote," NYTimes (Dec. 12, 2012), http://www.nytimes.com/2012/12/13/education/sexton-nyu-president-faces-prelude-to-a-possible-no-confidence-vote.html?adxnnl=1&hpw=&adxnnlx=1355386296-nC+MRBeP9aNvaMUh810llw:
“Universities are academic institutions and they’re run by academics in conjunction with administrators and the board of trustees,” said Christine Harrington, a politics professor who is the chairwoman of the faculty senators’ council’s governance committee.
Under the current administration, however, she said: “Academic decisions and policy decisions which faculty used to be involved in developing, deciding and implementing have shifted dramatically and at a very fast pace out of our hands. We learn about decisions after they’ve been made. That has produced an enormous amount of cynicism, apathy and outrage.”
Steven Rattner, "Rising Inequality, Even among College Presidents," NYTimes (Dec. 17, 2012), http://opinionator.blogs.nytimes.com/2012/12/17/rising-inequality-even-among-college-presidents/?hp
And I actually have no idea on things like this. So, really, is this happening? Well, they have put much effort on it so they must be paid, right?
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