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The Ivy Presidents’ Sweepstakes
Each year the Chronicle of Higher Education reviews presidents’ salaries at institutions of higher learning. Regrettably the Chronicle does so belatedly, only when each school produces its IRS Form 990. Here’s how things looked for 2010 for Jim Kim. Note that in that year he had the least time in office of any Ivy president, the slightest experience in the academy, and he ran the smallest school in the Ivies:
The Kim Flam man earned more money that the experienced presidents of Harvard, Brown, Cornell and Princeton. How does that make any sense?
The Chronicle’s review for 2011 has a new wrinkle. The editors relate compensation to the size of each institution’s budget — a barometer that studies show has held true for many decades in direct proportion in the corporate world:
Ooops. Not in the Ivies. The smallest budget, Brown’s (even though Brown decidedly does not have the Ivy League’s smallest student body), supports the proportionately highest presidential salary: $1,950 of salary for each million dollars of budget. Jim Kim came in at #2 in the least-bang-for-the-buck sweepstakes: $1,190 of salary for each million dollars of budget.
Just what were the Trustees thinking? Were they thinking? In relative terms, Jim Kim was making 5.2 times the compensation of Harvard’s president. In absolute terms he made 6.6% more.
Addendum: See the salaries of the most richly compensated college presidents here.
Addendum: According to The Ann Arbor News, “Philip Hanlon was paid a base salary of $509,292 in his final year as provost” and “University President Mary Sue Coleman earns a base pay of $603,357, but this year she was given a $100,000 bonus in lieu of a raise.”
October 18, 2009
When Love Beckoned in 52nd Street
We were at San Francisco’s BIX last evening, enjoying prosecco, cheese, and a bit of music. A full year of inhabitation in Northern California has unraveled to me no decent venue for proper lounging, but…
October 9, 2009
D Afraid of a Little Competish
So our colleague and Dartblog writer Joe Asch informed me that the D has rejected our cunning advertising campaign. Uh-oh. The Dartmouth is widely known as a breeding ground for instant New York Times successes,…
September 4, 2009
How Regents Should Reign
As Dartmouth alumni proceed through the legal hoops necessary to defuse a Board-packing plan—which put in unhappy desuetude an historic 1891 Agreement between alumni and the College guaranteeing a half-democratically-elected Board of Trustees—it strikes one…
August 29, 2009
Election Reform Study Committee
If you are an alum of the College on the Hill, you may have received a number of e-mails of late beseeching your input for a new arm of the College’s Alumni Control Apparatus called…
August 23, 2009
Fare Thee Well, Tom Crady
And now Dean Tom Crady has precipitously announced his departure from the College after only 20 months on the job. How to read this? By way of background, prior to coming to Dartmouth, Crady had…
May 31, 2009
Kangaroo Court, Indeed
In an interview with The Dartmouth, alumni-elected trustee T.J. Rodgers ‘70 explained his reasons for declining to participate in future evaluations of trustees up for “re-election,” namely the “kangaroo court” nature of such discussion in…