This year’s salary list topper, Eugene M. Tobin from Hamilton College in New York, earned $1.2 million for the 2002-2003 fiscal year, with $315,000 in salary, $827,354 in benefits and $21,059 in expenses, making him the only $1 million-plus president.
Carter income high on charts
President joins college heads making over $500k
By Andrew Greiner
Editor-In-Chief
At first glance, Harvard, Princeton and Yale universities might not have much in common with Columbia. These storied Ivy League institutions reside in the upper echelon of educational institutions when compared with Columbia, if only by reputation.
But these schools do share a common denominator: Each has a president who makes more than $500,000 a year, including salary, benefits packages and expense accounts.
As college presidents’ salaries across the country continue to grow, Columbia President Warrick L. Carter fits right in with the elite, earning $539,137 in salary, benefits and paid expenses.
According to the most recent data on college presidents’ salaries from The Chronicle of Higher Education, Carter ranks 43rd among the 591 private college presidents in the nation.
Carter’s more than $500,000 salary comes after figuring in a $199,725 expense account.
Based on salary and benefits alone, Carter’s $339,412 income ranks 122nd nationally among private college presidents. But figure in close to $200,000 for an expense account and Carter’s rank jumps dramatically.
The Chronicle of Higher Education data do not include paid expenses in total earnings figures. They calculate total compensation based on salary and benefits alone.
This year’s salary list topper, Eugene M. Tobin from Hamilton College in New York, earned $1.2 million for the 2002-2003 fiscal year, with $315,000 in salary, $827,354 in benefits and $21,059 in expenses, making him the only $1 million-plus president.
Cite:http://www.ccchronicle.com/back_new/2004_fall/2004-11-22/campus.php?id=313
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