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Corporate Board Memberships of Presidents at Wealthy Universities, 2011

August 26, 2012

More than half the leaders at colleges with the 50 largest endowments held no positions on corporate boards. Others significantly enhanced their income with board earnings.

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Corporate Board Memberships of Presidents at Wealthy Universities, 2011

More than half the leaders at colleges with the 50 largest endowments held no positions on corporate boards. Others significantly enhanced their income with board earnings.

Rank	Chief executive	Board memberships and compensation	Total board earnings	College compensation	College and board compensation	How much board earnings increase college compensation
1	Drew Gilpin Faust, Harvard U.	none ^a	$0	$874,559	$874,559	0.0%
2	Richard C. Levin, Yale U.	American Express Company	$268,836	$1,627,649	$1,896,485	16.5%
3	Shirley M. Tilghman, Princeton U.	Google Inc.	$504,206	$910,626	$1,414,832	55.4%
4	Francisco G. Cigarroa, U. of Texas system	none	$0	$813,892	$813,892	0.0%
5	John L. Hennessy, Stanford U.	$433,187 - Google Inc. $287,100 - Cisco Systems Inc.	$720,287	$985,569	$1,705,856	73.1%
6	Susan Hockfield, Massachusetts Institute of Technology ^b	General Electric Company	$298,542	$931,603	$1,230,145	32.0%
7	Mary Sue Coleman, U. of Michigan system	$229,940 - Johnson & Johnson $195,448 - Meredith Corporation	$425,388	$783,850	$1,209,238	54.3%
8	Lee C. Bollinger, Columbia U.	Washington Post Company	$70,000	$1,527,217	$1,597,217	4.6%
9	Morton O. Schapiro, Northwestern U.	Marsh & McLennan Companies	$205,000	$597,863 ^c	$802,863	34.3%
10	John Sharp, Texas A&M U. system	none	$0	n/a	n/a	n/a
11	Amy Gutmann, U. of Pennsylvania	none	$0	$1,321,040	$1,321,040	0.0%
12	Robert J. Zimmer, U. of Chicago	none	$0	$1,276,950	$1,276,950	0.0%
13	Mark G. Yudof, U. of California system	none	$0	$783,103	$783,103	0.0%
14	Rev. John I. Jenkins, U. of Notre Dame	none	$0	$705,302	$705,302	0.0%
15	Richard H. Brodhead, Duke U.	none	$0	$879,024	$879,024	0.0%
16	James W. Wagner, Emory U.	none	$0	$1,170,648	$1,170,648	0.0%
17	Mark S. Wrighton, Washington U. in St. Louis	$236,131 - Corning Inc. $181,900 - Brooks Automation Inc. $130,703 - Cabot Corporation	$548,734	$861,979	$1,410,713	63.7%
18	David J. Skorton, Cornell U.	none	$0	$861,950	$861,950	0.0%
19	Teresa A. Sullivan, U. of Virginia	none	$0	n/a	n/a	n/a
20	David W. Leebron, Rice U.	none	$0	$1,517,854	$1,517,854	0.0%
21	Nicholas S. Zeppos, Vanderbilt U.	none	$0	$1,890,274	$1,890,274	0.0%
22	Jim Yong Kim, Dartmouth College ^b	none	$0	$612,718 ^c	$612,718	0.0%
23	C.L. Max Nikias, U. of Southern California	Synopsys Inc.	n/a	n/a	n/a	n/a
24	John E. Sexton, New York U.	none	$0	$1,513,723	$1,513,723	0.0%
25	Ronald J. Daniels, Johns Hopkins U.	none	$0	$916,634 ^c	$916,634	0.0%
26	Eric W. Kaler, U. of Minnesota system	none	$0	n/a	n/a	n/a
27	Ruth J. Simmons, Brown U. ^b	$450,876 - Goldman Sachs Group ^d $203,872 - Texas Instruments Inc.	$654,748	$656,683	$1,311,431	99.7%
28	Mark A. Nordenberg, U. of Pittsburgh	Bank of New York Mellon Corporation	$211,159	$524,752	$735,911	40.2%
29	Holden Thorp, U. of North Carolina at Chapel Hill	none	$0	$444,768	$444,768	0.0%
30	E. Gordon Gee, Ohio State U.	$160,488 - Bob Evans Farms Inc. $39,644 - Hasbro Inc. ^d	$200,132	$1,818,911	$2,019,043	11.0%
31	Michael K. Young, U. of Washington	SkyWest Inc. ^d	$95,150	n/a	n/a	n/a
32	France A. Córdova, Purdue U. ^b	$250,009 - SAIC Inc. $195,266 - Edison International	$445,275	$566,440	$1,011,715	78.6%
33	Edward L. Ayers, U. of Richmond	none	$0	$719,278	$719,278	0.0%
34	Marc Tessier-Lavigne, Rockefeller U.	none	$0	n/a	n/a	n/a
35	David Ward, U. of Wisconsin at Madison	none	$0	n/a	n/a	n/a
36	Jean-Lou A. Chameau, California Institute of Technology	$203,042 - MTS Systems Corporation n/a - John Wiley & Sons Inc.	$203,042	$792,861	$995,903	25.6%
37	Adam F. Falk, Williams College	none	$0	n/a	n/a	n/a
38	Rev. William P. Leahy, Boston College	none	$0	$0	$0	0.0%
39	Barbara R. Snyder, Case Western Reserve U.	KeyCorp	$99,000	$778,874	$877,874	12.7%
40	David W. Oxtoby, Pomona College	none	$0	$474,724	$474,724	0.0%
41	Lou Anna K. Simon, Michigan State U.	none	$0	$572,000	$572,000	0.0%
42	Carolyn A. (Biddy) Martin, Amherst College	none	$0	n/a	n/a	n/a
43	Michael A. McRobbie, Indiana U. system	none	$0	$570,061	$570,061	0.0%
44	Rodney A. Erickson, Pennsylvania State U. system	none	$0	n/a	n/a	n/a
45	Joel Seligman, U. of Rochester	Eastman Kodak Company	$70,000	$748,126	$818,126	9.4%
46	H. Kim Bottomly, Wellesley College	none	$0	$648,015	$648,015	0.0%
47	Michael J. Hogan, U. of Illinois system ^b	none	$0	n/a	n/a	n/a
48	Raynard S. Kington, Grinnell College	none	$0	n/a	n/a	n/a
49	Rebecca S. Chopp, Swarthmore College	none	$0	$330,752 ^c	$330,752	0.0%
50	Carol T. Christ, Smith College ^b	none	$0	$471,198	$471,198	0.0%

^a In April, Drew Gilpin Faust was nominated to the board of Staples Inc.
^b Leaders who stepped down this year or have announced plans to do so
^c Reflects partial-year compensation
^d No longer on board
Note: Only U.S. colleges and companies are included. University compensation is for the 2009-10 fiscal year for public-college presidents and the 2009 calendar year for private-college presidents. These figures are not directly comparable. The most recent board compensation data is typically for the fiscal year ending in 2010 and was not yet available (n/a) for those leaders whose board terms began in 2011. Board terms are based on data available in December 2011. Board memberships may have changed since 2011.

Sources: Board service and compensation data collected by GMI from 2011 Securities and Exchange Commission filings. Public-college president-compensation data collected by The Chronicle. Private-college president data from Internal Revenue Service Form 990. Endowment data collected by the National Association of College and University Business Officers.