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Leaders in Total Compensation at Private Colleges, 2007-8

November 1, 2009

Total compensation listed covers pay and benefits during the 2008 fiscal year, the most recent for which IRS tax filings containing those data are available.

Research institutions
Master’s institutions
Baccalaureate institutions

RESEARCH UNIVERSITIES

Shirley Ann Jackson, Rensselaer Polytechnic Institute1

$1,598,247

Steadman Upham, U. of Tulsa2

$1,485,275

Cornelius M. Kerwin, American U.3

$1,419,339

Lee C. Bollinger, Columbia U.4

$1,380,035

Donald V. DeRosa, U. of the Pacific5

$1,350,743

John E. Sexton, New York U.6

$1,297,475

Nicholas S. Zeppos, Vanderbilt U.7

$1,275,309

Amy Gutmann, U. of Pennsylvania8

$1,225,103

Ray Ferrero Jr., Nova Southeastern U.9

$1,223,499

Richard C. Levin, Yale U.10

$1,179,332

1 Pay is $1,051,122.

2 Pay is $1,452,325. It includes payments for deferred compensation Mr. Upham forfeited when he left Claremont Graduate University, and a longevity payment.

3 Pay is $559,067 in salary and $800,168 in deferred compensation accrued from 2000 to 2008. Mr. Kerwin was the university’s provost during most of this accrual period; he was named president in 2007. Benefits of $60,104 include deferred compensation.

4 Pay is $878,975. Benefits include credits for supplemental retirement income that are based on performance and subject to vesting.

5 Mr. DeRosa’s salary includes $404,726 in base pay and $779,087 in deferred compensation that has vested. Benefits include $60,709 in contributions to a deferred-compensation plan subject to vesting, $23,552 in contributions to a retirement plan, and $15,500 in contributions to a supplemental retirement plan.

6 Pay is $1,265,110. Mr. Sexton may receive additional retirement benefits that are subject to risk of forfeiture. They include annual payments of about $800,000 and the use of a university-owned apartment.

7 Pay is $1,240,811.

8 Pay is $825,000. Benefits include $239,750 in contributions to employee benefit plans and deferred compensation that is subject to risk of forfeiture.

9 Pay is $565,751. Benefits include $625,000 for a sabbatical Mr. Ferrero did not take.

10 Pay is $911,250. The university has agreed to supplement Mr. Levin’s retirement income with 75 percent of his final salary for 20 years, with the payments decreased by other retirement benefits provided by Yale, subject to vesting.

MASTER’S INSTITUTIONS

David J. Sargent, Suffolk U.1

$1,496,593

Jerry C. Lee, National U.2

$1,189,777

Charles H. Polk, Mountain State U.3

$938,101

Guy F. Riekman, Life U.4

$753,106

William W. Destler, Rochester Institute of Technology5

$711,598

John R. Brazil, Trinity U. (Tex.)6

$709,201

Jacqueline W. Liebergott, Emerson College7

$678,448

Robert C. Fisher, Belmont U.8

$649,879

John L. Lahey, Quinnipiac U.9

$629,200

John J. Bowen, Johnson & Wales U.10

$604,980

1 The president’s pay includes a $436,000 longevity bonus and a performance bonus of $87,200, which were previously reported in 2006-7. Benefits include $375,596 in deferred compensation, a capped performance bonus of $89,816, and $58,901 in health, dental, and other retirement benefits.

2 Pay is $1,177,504, including $785,003 from National University and $392,501 from System Management Group, which coordinates the National University system, of which Mr. Lee is chancellor. He is eligible for deferred compensation based on performance and other factors.

3 Pay is $488,594.

4 Pay is $696,542.

5 Pay is $658,252.

6 Pay is $359,329. Compensation and benefits include performance and longevity bonuses and a 10-year retention loan.

7 Pay is $615,700. Compensation includes amounts previously reported as employee contributions to a deferred-compensation plan.

8 Pay is $532,605.

9 Pay is $572,000.

10 Pay is $532,403.

BACCALAUREATE INSTITUTIONS

John A. Fry, Franklin & Marshall College1

$1,067,824

Daniel F. Sullivan, St. Lawrence U.2

$719,774

M. Lee Pelton, Willamette U.3

$706,590

Michael S. Roth, Wesleyan U.4

$640,758

Robert A. Oden Jr., Carleton College5

$589,234

Alfred H. Bloom, Swarthmore College6

$574,544

Larry P. Arnn, Hillsdale College7

$569,991

Brian C. Mitchell, Bucknell U.8

$569,618

William G. Durden, Dickinson College9

$554,664

Mark D. Gearan, Hobart and William Smith Colleges10

$536,041

1 Pay is $863,885.

2 Pay is $580,600. Mr. Sullivan retired in June 2009.

3 Pay is $316,500.

4 Pay is $564,007.

5 Pay is $534,505, which includes deferred leave compensation and accrued sabbatical leave.

6 Pay is $526,553. Mr. Bloom also accrued paid-leave compensation of $123,866 and benefits of $11,217, which are not included in the amounts shown. He resigned in August 2009.

7 Pay is $406,107.

8 Pay is $477,745.

9 Pay is $536,838.

10 Pay is $420,616.

Sources: Institutions’ federal tax filings; Chronicle reporting

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Total compensation listed covers pay and benefits during the 2008 fiscal year, the most recent for which IRS tax filings containing those data are available.

Research institutions
Master’s institutions
Baccalaureate institutions

RESEARCH UNIVERSITIES

Shirley Ann Jackson, Rensselaer Polytechnic Institute1

$1,598,247

Steadman Upham, U. of Tulsa2

$1,485,275

Cornelius M. Kerwin, American U.3

$1,419,339

Lee C. Bollinger, Columbia U.4

$1,380,035

Donald V. DeRosa, U. of the Pacific5

$1,350,743

John E. Sexton, New York U.6

$1,297,475

Nicholas S. Zeppos, Vanderbilt U.7

$1,275,309

Amy Gutmann, U. of Pennsylvania8

$1,225,103

Ray Ferrero Jr., Nova Southeastern U.9

$1,223,499

Richard C. Levin, Yale U.10

$1,179,332

1 Pay is $1,051,122.

2 Pay is $1,452,325. It includes payments for deferred compensation Mr. Upham forfeited when he left Claremont Graduate University, and a longevity payment.

3 Pay is $559,067 in salary and $800,168 in deferred compensation accrued from 2000 to 2008. Mr. Kerwin was the university’s provost during most of this accrual period; he was named president in 2007. Benefits of $60,104 include deferred compensation.

4 Pay is $878,975. Benefits include credits for supplemental retirement income that are based on performance and subject to vesting.

5 Mr. DeRosa’s salary includes $404,726 in base pay and $779,087 in deferred compensation that has vested. Benefits include $60,709 in contributions to a deferred-compensation plan subject to vesting, $23,552 in contributions to a retirement plan, and $15,500 in contributions to a supplemental retirement plan.

6 Pay is $1,265,110. Mr. Sexton may receive additional retirement benefits that are subject to risk of forfeiture. They include annual payments of about $800,000 and the use of a university-owned apartment.

7 Pay is $1,240,811.

8 Pay is $825,000. Benefits include $239,750 in contributions to employee benefit plans and deferred compensation that is subject to risk of forfeiture.

9 Pay is $565,751. Benefits include $625,000 for a sabbatical Mr. Ferrero did not take.

10 Pay is $911,250. The university has agreed to supplement Mr. Levin’s retirement income with 75 percent of his final salary for 20 years, with the payments decreased by other retirement benefits provided by Yale, subject to vesting.

MASTER’S INSTITUTIONS

David J. Sargent, Suffolk U.1

$1,496,593

Jerry C. Lee, National U.2

$1,189,777

Charles H. Polk, Mountain State U.3

$938,101

Guy F. Riekman, Life U.4

$753,106

William W. Destler, Rochester Institute of Technology5

$711,598

John R. Brazil, Trinity U. (Tex.)6

$709,201

Jacqueline W. Liebergott, Emerson College7

$678,448

Robert C. Fisher, Belmont U.8

$649,879

John L. Lahey, Quinnipiac U.9

$629,200

John J. Bowen, Johnson & Wales U.10

$604,980

1 The president’s pay includes a $436,000 longevity bonus and a performance bonus of $87,200, which were previously reported in 2006-7. Benefits include $375,596 in deferred compensation, a capped performance bonus of $89,816, and $58,901 in health, dental, and other retirement benefits.

2 Pay is $1,177,504, including $785,003 from National University and $392,501 from System Management Group, which coordinates the National University system, of which Mr. Lee is chancellor. He is eligible for deferred compensation based on performance and other factors.

3 Pay is $488,594.

4 Pay is $696,542.

5 Pay is $658,252.

6 Pay is $359,329. Compensation and benefits include performance and longevity bonuses and a 10-year retention loan.

7 Pay is $615,700. Compensation includes amounts previously reported as employee contributions to a deferred-compensation plan.

8 Pay is $532,605.

9 Pay is $572,000.

10 Pay is $532,403.

BACCALAUREATE INSTITUTIONS

John A. Fry, Franklin & Marshall College1

$1,067,824

Daniel F. Sullivan, St. Lawrence U.2

$719,774

M. Lee Pelton, Willamette U.3

$706,590

Michael S. Roth, Wesleyan U.4

$640,758

Robert A. Oden Jr., Carleton College5

$589,234

Alfred H. Bloom, Swarthmore College6

$574,544

Larry P. Arnn, Hillsdale College7

$569,991

Brian C. Mitchell, Bucknell U.8

$569,618

William G. Durden, Dickinson College9

$554,664

Mark D. Gearan, Hobart and William Smith Colleges10

$536,041

1 Pay is $863,885.

2 Pay is $580,600. Mr. Sullivan retired in June 2009.

3 Pay is $316,500.

4 Pay is $564,007.

5 Pay is $534,505, which includes deferred leave compensation and accrued sabbatical leave.

6 Pay is $526,553. Mr. Bloom also accrued paid-leave compensation of $123,866 and benefits of $11,217, which are not included in the amounts shown. He resigned in August 2009.

7 Pay is $406,107.

8 Pay is $477,745.

9 Pay is $536,838.

10 Pay is $420,616.

Sources: Institutions’ federal tax filings; Chronicle reporting

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