I just came across the most disgusting obscenity on the Internet -- an article about the salaries of university presidents. It seems that these heads of non-profit organizations are acting as if they were deserving of salaries equal to their counterparts at for-profit corporations. There is no justification for this whatsoever. The demoralizing effect is profound when teachers and students discover that the president of their university is ripping them off. No wonder tuition is so high. The NY Times reports:
Pay Packages for Presidents Rise at Public Colleges
By JONATHAN D. GLATER
Presidents of some of the nation’s biggest public universities are closing the salary gap with their rivals at private institutions, with the number of top executives earning more than $500,000 nearly doubling, according to an annual survey of compensation by The Chronicle of Higher Education. The survey also found that seven presidents of private colleges, universities and medical schools currently receive more than $1 million in compensation.
See the rest of the obscenity...
"The demoralizing effect is profound when teachers and students discover that the president of their university is ripping them off."
ReplyDeleteNot just the issue of salary, but also when the issue is one of teachers' tenure.
The NY Sun version of the article includes YU as part of this obscenity:
ReplyDeletehttp://www.nysun.com/pf.php?id=43837
Academia isn't widely considered a cash-cow profession, but a growing number of university presidents are commanding lucrative compensation packages, according to a survey to be released today by the Chronicle of Higher Education. The number of university chiefs earning $500,000 jumped 53% since last year's survey.
Of the 853 colleges included in this year's "Executive Compensation" study, 112 schools awarded their presidents packages exceeding a half-million dollars. Four such schools are in New York City: John Sexton of New York University received $798,989 in compensation; Lee Bollinger of Columbia University received $685,930; Richard Joel of Yeshiva University received $572,333, and J. Robert Kerry of New School University received $535,750.