Okay, so students have a hard time getting by. But presidents of public universities are livin’ large!

May 12, 2013
Public University Presidents Are Prospering, Annual Compensation Study Finds
By TAMAR LEWIN

In the 2011-12 fiscal year, the nation’s highest paid public university president was Graham B. Spanier, the president of Pennsylvania State University, who was forced out in November 2011 over his handling of a child sex abuse scandal involving a football coach.

According to the annual compensation report by The Chronicle of Higher Education, Mr. Spanier was paid $2.9 million in 2011-12, including $1.2 million in severance pay and $1.2 million in deferred compensation.

“The fact that Graham Spanier turns out to be the highest paid president in the country says something about the nature of compensation packages for people who leave under a cloud,” said Jack Stripling, the Chronicle reporter who worked on the survey. “Severance agreements are often very lucrative.”

Read more.

Leave a Reply

Your email address will not be published. Required fields are marked *