Pay for Private College Presidents Up 5.6%; A Survey of Presidential Compensation at the Nation's 500 Largest Private Colleges and Universities Suggests 2013 Was a Very Good Year for College Presidents. [Derived Headline]

By Erdley, Debra | Tribune-Review/Pittsburgh Tribune-Review, December 6, 2015 | Go to article overview

Pay for Private College Presidents Up 5.6%; A Survey of Presidential Compensation at the Nation's 500 Largest Private Colleges and Universities Suggests 2013 Was a Very Good Year for College Presidents. [Derived Headline]


Erdley, Debra, Tribune-Review/Pittsburgh Tribune-Review


A survey of presidential compensation at the nation's 500 largest private colleges and universities suggests 2013 was a very good year for college presidents.

Although the federal government recognized only a 1.5 percent cost of living increase that year, the Chronicle of Higher Education's annual survey of presidential compensation found private college and university presidents saw an average bump of 5.6 percent in total compensation packages that typically include everything from health care to housing, cars, bonuses and pension packages.

Although the survey pegged average presidential compensation for the group at $436,429 in 2013, researchers found 32 private college and university presidents who collected more than $1 million. Columbia University President Lee Bollinger topped the list with total compensation of $4.6 million in 2013.

Longtime Chatham University President Esther Barazzone, the highest-paid college president in the Pittsburgh area in 2013, got a raise from $362,606 in 2012, to $902,611 in 2013.

Chatham spokesman Bill Campbell referred questions to Jennifer Potter, chair of Chatham's board of trustees.

Potter said Barazzone's 2013 compensation reflected the second installment of a deferred retirement payment that just vested and boosted her base pay of $416,839 substantially.

"To put these numbers in a larger context, this final deferred retirement package contribution represents over 50 percent of the total compensation figure for the year," Potter wrote. She added that Barazzone's base pay stayed relatively the same from '06 to '12, and is near the median of private college and university presidents.

The first installment of that deferred retirement contribution that vested in 2011 raised eyebrows when it boosted Barazzone's total compensation that year to $1.8 million, placing her among the top 10 highest- paid private institution presidents that year. …

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Pay for Private College Presidents Up 5.6%; A Survey of Presidential Compensation at the Nation's 500 Largest Private Colleges and Universities Suggests 2013 Was a Very Good Year for College Presidents. [Derived Headline]
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