The Chronicle of Higher Education: Penn State’s Long-Held Secret: the President’s Salary
Unlike other public-college presidents, Graham B. Spanier, president of the Pennsylvania State University system has long been able to keep his salary a secret.
As a “state related” institution, supported partly by public funds, Penn State has refused to release Mr. Spanier’s compensation. Twice, however, it was made public — in 1995, when Mr. Spanier was hired, and in 1999, when it was included on an Internal Revenue Service form by a foundation associated with the university.
Now, for the first time, Penn State officials have released the information to The Chronicle for the annual executive-compensation survey.
Mr. Spanier will be paid $492,000 by the university in 2005-6. In addition, he lives in a university-owned home and drives a car provided by the institution. Mr. Spanier’s total compensation ranks 25th among presidents of 139 public universities surveyed by The Chronicle, and fifth among presidents of the 11 members of the Big Ten Conference. Presidents of the University of Michigan system, the Ohio State University system, the University of Illinois system, and Northwestern University all make more than Mr. Spanier.
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