Brody, Manning and Daniels highest-paid private college leaders in Maryland [Daily Record, The (Baltimore, MD)]
By Mark Miller; Mark Miller | |
Proquest LLC |
Brody was the most highly compensated private college president in
In 2009, Brody's annual compensation surged by 349 percent, increasing to more than
But most of Brody's compensation stemmed from his retirement on
"It wasn't actually pay,"
"Lifetime salary was kind of an unpredictable obligation for the university, so this was a more predictable way to handle the situation ... from a budgetary perspective," O'Shea said.
Under the terms of Brody's 2008 retirement agreement, he will receive
Hopkins said that Brody actually received
The statement goes on to note that
Nationally, none of the top four earners in 2009 are still in office.
Daniels received
But according to a memo from
"The result of this
The accrued payments -- approximately
According to the Chronicle's website, the median president in 2009 received 3.7 times that of the average professor at his or her university in total compensation.
LeGendre's email also gave Manning's base pay for the 2010 reporting period as
The comparison between compensation for presidents and professors was conducted for 319 schools. The comparison report excluded schools whose presidents served for only part of 2009, including
The median compensation for presidents at the 50 institutions with the largest budgets rose 75 percent in a decade to
As colleges pay leaders more, one way that the institutions obtain money needed to operate is by raising prices paid by students and their families.
Tuition and fees at public universities in the U.S. increased 8.3 percent this year, twice the rate of inflation, to an average
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President Institute Total compensation 1-year increase
Thomas H. Powell
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Wordcount: | 941 |
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