The New York Times: College Leaders’ Earnings Top $1 Million
Donald E. Ross turned Lynn University, once a nearly bankrupt two-year Catholic school for women in Boca Raton, Fla., into a thriving four-year liberal arts college. Now, as Mr. Ross nears retirement after 34 years as president, it is apparent how much the board of trustees appreciates his work.
Mr. Ross ranked first in total compensation among the nation’s private university presidents for the 2003-4 academic year with a package worth $5,042,315, according to the latest annual survey of executive compensation by The Chronicle of Higher Education. Data from 2003-4 is the most recent available for private institutions. The results are to be released publicly on Monday.
The Detroit News: Five college presidents pocket more than $1 million
Curious where those extra tuition dollars are going? One place to look would be the pockets of college presidents.
Five presidents have cracked the $1 million compensation barrier, according to an annual survey by the Chronicle of Higher Education to be released today, and more are sure to follow. Nine earned more than $900,000 — a figure none broke in last year’s report.
All were at private universities, and the figures are for fiscal 2004, the most recent information available for private schools. More recent data on public universities, for the current academic year, shows salaries are rising there, too. Leaders of 23 public institutions are being paid $500,000 or more this year, up from 17 a year ago.
Donald Ross of Lynn University in Boca Raton, Fla., topped the list at $5.04 million. However, all but $477,000 of that was deferred compensation awarded after 34 years as president. He was followed by Audrey K. Doberstein of Wilmington College in Delaware ($1.37 million) and Gordon Gee of Vanderbilt ($1.33 million).
Follow
