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News

Key Figures in Academe Who Make Money From Corporate Boards

January 15, 2012
Notable people Job category Board memberships Total board earnings University compensation University and board compensation How much board earnings increase university compensation
Shirley Ann Jackson, Rensselaer Polytechnic Institute, president Other college leaders $315,000 - Marathon Oil Corporation
$286,835 - International Business Machines Corporation
$257,738 - FedEx Corporation
$198,650 - Public Service Enterprise Group
$194,461 - Medtronic Inc.
$101,718 - NYSE Euronext*
$1,354,402 $1,771,877 $3,126,279 76.4%
Scott S. Cowen, Tulane U., president Other college leaders $253,750 - American Greetings Corporation
$217,557 - Newell Rubbermaid Inc.
$163,490 - Forest City Enterprises Inc.
$634,797 $910,000 $1,544,797 69.8%
Donna E. Shalala, U. of Miami president Other college leaders $237,803 - Mednax Inc.
$126,062 - Lennar Corporation
$109,534 - Gannett Company*
$473,399 $1,162,419 $1,635,818 40.7%
Jared L. Cohon, Carnegie Mellon U., president Other college leaders $243,193 - Ingersoll-Rand PLC
$227,458 - Lexmark International Inc.
$470,651 $816,726 $1,287,377 57.6%
Robert A. Brown, Boston U., president Other college leaders E.I. du Pont de Nemours and Company $259,376 $1,142,307 $1,401,683 22.7%
Robert J. Birgeneau, U. of California at Berkeley, chancellor Other college leaders Cabot Microelectronics Corporation $229,653 $425,508 $655,161 54.0%
Mark A. Emmert, U. of Washington, former president; now head of the National Collegiate Athletic Association Former college leaders $214,978 - Expeditors International of Washington Inc.
$148,963 - Weyerhaeuser Company
n/a - Omnicare Inc.
$363,941 $905,004 $1,268,945 40.2%
B. Joseph White, U. of Illinois system, former president Former college leaders $143,655 - Equity Residential
$141,750 - Kelly Services Inc.
$285,405 $245,498† $530,903 116.3%
William R. Brody, Johns Hopkins U., former president Former college leaders $264,796 - International Business Machines Corporation $264,796 $3,821,886† $4,086,682 6.9%
John T. Casteen III, U. of Virginia, former president Former college leaders $251,823 - Altria Group
n/a - Strayer Education Inc.
$251,823 $703,648 $955,471 35.8%
Graham B. Spanier, Pennsylvania State U. system, former president Former college leaders $191,000 - United States Steel Corporation* $191,000 $800,592 $991,592 23.9%
Steven B. Sample, U. of Southern California, former president Former college leaders $182,564 - Intermec Inc. $182,564 $1,395,178 $1,577,742 13.1%
Lawrence S. Bacow, Tufts U., former president Former college leaders $145,000 - Boston Properties Inc.
n/a - Lowes Corporation
$145,000 $739,393 $884,393 19.6%
Paul Danos, Dartmouth College, Tuck School of Business dean Business $369,800 - BJ’s Wholesale Club Inc.
$267,136 - General Mills Inc.
$636,936 $592,224 $1,229,160 107.5%
Edward A. Snyder, Yale U., School of Management dean Business $490,460 - Career Education Corporation $490,460 n/a n/a n/a
R. Glenn Hubbard, Columbia U., Graduate School of Business dean Business $256,584 - MetLife Inc.
$195,500 - Automatic Data Processing Inc.
$452,084 n/a n/a n/a
James W. Bradford Jr., Vanderbilt U., School of Management dean Business $111,438 - Genesco Inc.
$170,511 - Granite Construction Inc.
$154,830 - CLARCOR Inc.
$436,779 n/a n/a n/a
James D. Plummer, Stanford U., School of Engineering dean Engineering $701,300 - Intel Corporation
$157,505 - International Rectifier Corporation
n/a - Cadence Design Systems Inc.
$858,805 n/a n/a n/a
Ilesanmi Adesida, U. of Illinois at Urbana-Champaign, College of Engineering dean Engineering $214,917 - Fluor Corporation* $214,917 n/a n/a n/a
Mark R. Laret, U. of California at San Francisco, Medical Center chief executive officer Medicine $316,460 - Nuance Communications Inc.
$310,051 - Varian Medical Systems Inc.
$626,511 n/a n/a n/a
Victor J. Dzau, Duke U., Health System president and chief executive officer Medicine $260,000 - PepsiCo Inc.
$179,461 - Medtronic Inc.
$163,661 - Alnylam Pharmaceuticals Inc.
$603,122 $3,276,166 $3,879,288 18.4%
Robert J. Alpern, Yale U., School of Medicine dean Medicine $230,830 - Abbott Laboratories $230,830 $703,635 $934,465 32.8%
Edward D. Miller, Johns Hopkins U., Medicine chief executive officer Medicine $222,500 - CareFusion Corporation $222,500 $1,536,739 $1,759,239 14.5%
Pascal J. Goldschmidt, U. of Miami, Miller School of Medicine dean Medicine $171,908 - Mednax Inc.
$32,986 - OPKO Health Inc.*
n/a - Health Management Associates Inc.
$204,894 $1,117,918 $1,322,812 18.3%
David A. Brandon
U. of Michigan, director of intercollegiate athletics
Athletics $208,357 - TJX Companies*
$126,981 - Kaydon Corporation
$90,000 - Herman Miller Inc.
$82,572 - DTE Energy Company
n/a -Domino’s Pizza Inc.
$507,910 n/a n/a n/a

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.

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Notable people Job category Board memberships Total board earnings University compensation University and board compensation How much board earnings increase university compensation
Shirley Ann Jackson, Rensselaer Polytechnic Institute, president Other college leaders $315,000 - Marathon Oil Corporation
$286,835 - International Business Machines Corporation
$257,738 - FedEx Corporation
$198,650 - Public Service Enterprise Group
$194,461 - Medtronic Inc.
$101,718 - NYSE Euronext*
$1,354,402 $1,771,877 $3,126,279 76.4%
Scott S. Cowen, Tulane U., president Other college leaders $253,750 - American Greetings Corporation
$217,557 - Newell Rubbermaid Inc.
$163,490 - Forest City Enterprises Inc.
$634,797 $910,000 $1,544,797 69.8%
Donna E. Shalala, U. of Miami president Other college leaders $237,803 - Mednax Inc.
$126,062 - Lennar Corporation
$109,534 - Gannett Company*
$473,399 $1,162,419 $1,635,818 40.7%
Jared L. Cohon, Carnegie Mellon U., president Other college leaders $243,193 - Ingersoll-Rand PLC
$227,458 - Lexmark International Inc.
$470,651 $816,726 $1,287,377 57.6%
Robert A. Brown, Boston U., president Other college leaders E.I. du Pont de Nemours and Company $259,376 $1,142,307 $1,401,683 22.7%
Robert J. Birgeneau, U. of California at Berkeley, chancellor Other college leaders Cabot Microelectronics Corporation $229,653 $425,508 $655,161 54.0%
Mark A. Emmert, U. of Washington, former president; now head of the National Collegiate Athletic Association Former college leaders $214,978 - Expeditors International of Washington Inc.
$148,963 - Weyerhaeuser Company
n/a - Omnicare Inc.
$363,941 $905,004 $1,268,945 40.2%
B. Joseph White, U. of Illinois system, former president Former college leaders $143,655 - Equity Residential
$141,750 - Kelly Services Inc.
$285,405 $245,498† $530,903 116.3%
William R. Brody, Johns Hopkins U., former president Former college leaders $264,796 - International Business Machines Corporation $264,796 $3,821,886† $4,086,682 6.9%
John T. Casteen III, U. of Virginia, former president Former college leaders $251,823 - Altria Group
n/a - Strayer Education Inc.
$251,823 $703,648 $955,471 35.8%
Graham B. Spanier, Pennsylvania State U. system, former president Former college leaders $191,000 - United States Steel Corporation* $191,000 $800,592 $991,592 23.9%
Steven B. Sample, U. of Southern California, former president Former college leaders $182,564 - Intermec Inc. $182,564 $1,395,178 $1,577,742 13.1%
Lawrence S. Bacow, Tufts U., former president Former college leaders $145,000 - Boston Properties Inc.
n/a - Lowes Corporation
$145,000 $739,393 $884,393 19.6%
Paul Danos, Dartmouth College, Tuck School of Business dean Business $369,800 - BJ’s Wholesale Club Inc.
$267,136 - General Mills Inc.
$636,936 $592,224 $1,229,160 107.5%
Edward A. Snyder, Yale U., School of Management dean Business $490,460 - Career Education Corporation $490,460 n/a n/a n/a
R. Glenn Hubbard, Columbia U., Graduate School of Business dean Business $256,584 - MetLife Inc.
$195,500 - Automatic Data Processing Inc.
$452,084 n/a n/a n/a
James W. Bradford Jr., Vanderbilt U., School of Management dean Business $111,438 - Genesco Inc.
$170,511 - Granite Construction Inc.
$154,830 - CLARCOR Inc.
$436,779 n/a n/a n/a
James D. Plummer, Stanford U., School of Engineering dean Engineering $701,300 - Intel Corporation
$157,505 - International Rectifier Corporation
n/a - Cadence Design Systems Inc.
$858,805 n/a n/a n/a
Ilesanmi Adesida, U. of Illinois at Urbana-Champaign, College of Engineering dean Engineering $214,917 - Fluor Corporation* $214,917 n/a n/a n/a
Mark R. Laret, U. of California at San Francisco, Medical Center chief executive officer Medicine $316,460 - Nuance Communications Inc.
$310,051 - Varian Medical Systems Inc.
$626,511 n/a n/a n/a
Victor J. Dzau, Duke U., Health System president and chief executive officer Medicine $260,000 - PepsiCo Inc.
$179,461 - Medtronic Inc.
$163,661 - Alnylam Pharmaceuticals Inc.
$603,122 $3,276,166 $3,879,288 18.4%
Robert J. Alpern, Yale U., School of Medicine dean Medicine $230,830 - Abbott Laboratories $230,830 $703,635 $934,465 32.8%
Edward D. Miller, Johns Hopkins U., Medicine chief executive officer Medicine $222,500 - CareFusion Corporation $222,500 $1,536,739 $1,759,239 14.5%
Pascal J. Goldschmidt, U. of Miami, Miller School of Medicine dean Medicine $171,908 - Mednax Inc.
$32,986 - OPKO Health Inc.*
n/a - Health Management Associates Inc.
$204,894 $1,117,918 $1,322,812 18.3%
David A. Brandon
U. of Michigan, director of intercollegiate athletics
Athletics $208,357 - TJX Companies*
$126,981 - Kaydon Corporation
$90,000 - Herman Miller Inc.
$82,572 - DTE Energy Company
n/a -Domino’s Pizza Inc.
$507,910 n/a n/a n/a

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.
We welcome your thoughts and questions about this article. Please email the editors or submit a letter for publication.
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