Salaries of private college presidents soar

Salaries of private college presidents soar

The widening economic gap between Wall Street and Main Street is reaching the campuses of private higher education, according to a study by The Chronicle of Higher Education.

The Chronicle analyzed the salaries of 519 private college presidents, including seven in Oregon, and found the median total compensation was $385,909 in the 2009-10 school year. It also reported this week that it  found 36 presidents who earned more than $1 million.

Among salaries for the seven Oregon private college presidents examined by The Chronicle for 2009-10, M. Lee Pelton, then president of Willamette University in Salem, was the top earner with total compensation of $798,454, nearly six times the average professor's pay. That included salary, deferred compensation and nontaxable benefits.

 

Read more in today's Oregonian.