Photo by Phil Carpenter, Montreal Gazette
MONTREAL (11 October 2012) — Many on the Concordia University campus are singing the praises of new president Alan Shepard — but news of his generous compensation package on Thursday still sparked some controversy.
With a base salary of $357,000 a year plus plenty of perks* — including eligibility for a performance bonus of up 20 per cent of the annual salary, a housing allowance of $4,200 a month, a monthly car allowance of $1,200 and French classes for him and his family — Shepard’s compensation once again underscores the issue that universities crying for money nevertheless seem to find the resources for highly paid administrators.
“Administrators are paid quite a bit in institutions that are struggling for money,” said Erik Chevrier, a graduate student representative on Concordia’s board of governors.
“This is a problem throughout Canada,” said Lex Gill, another board of governors representative.
Universities say they need to pay market value for good administrators.
McGill University principal Heather Munroe-Blum earned $369,250 in 2011 plus an extra $120,481 in compensation.
But university fiscal mismanagement has been a growing concern; last March, former education minister Line Beauchamp fined Concordia $2 million for unwieldy fiscal management.
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Montreal Gazette
*Comparatively, UBC President Toope’s salary was for 2010-11 depending on which UBC report is used, $528,504 (UBC’s Financial Information Act Report for Year Ended March 31, 2011) or $378,000 + $50,000 Incentive Plan + $58,408 Housing perks + others = $580,978 (UBC’s Public Sector Executive Compensation Report, 2011/12). For access to information across Canada, see How Much Does Your University President Make?
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