Thursday, December 08, 2011
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.