University presidents are doing alright
November 12, 2007
Tuition isn’t the only dollar figure climbing at universities across the country.
According to a new survey published by The Chronicle of Higher Education, the salaries for college presidents are going up, with 12 university presidents earning at least $1 million for the 2005-2006 school year.
Among the 12 was Maryland’s own William Brody of the Johns Hopkins University. Brody saw $1,938,024 in total compensation for the period.
An AP story on the report notes that the continued rise in tuition is outpacing inflation. I can’t help but think of all those massive corporations that pay their CEOs tens of millions of dollars while cutting back funding in other areas. Are presidential salaries really the best place to direct all those educational funds?
To tell you the truth, I have no idea. But I’m interested in what you think.
-JOE BACCHUS, Web Specialist
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For a research institution like Hopkins, part of the job of the president is to raise money, acquire grants, etc. So long as President Brody continues to raise money, he will be worth his salary.
From the perspective of this alumna, President Brody has also done a very good job of taking an active role in the Hopkins community and improving the environment on campus.