Ranks of College Presidents with $1M+ Compensation Grows
The Chronicle of Higher Education has released its report on college presidents’ compensation for 2008. This is the first year of data using the revised IRS Form 990, which requires calendar year reporting, and thus the report notes that for schools with non-calendar year fiscal years, some amounts overlap with last year’s report. While this makes a direct year to year comparison of the reported results difficent, the Chronicle notes that the number of presidents receiving total compensation in excess of $1M grew from 23 to 30.
Some of the largest compensation packages include significant one-time payments of deferred or retirement compensation. The Chronicle article is here.
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