Education can really pay off

   A new survey by the Chronicle of Higher Education lists University at Buffalo President John B. Simpson as the highest paid among local college presidents. Last year, he was compensated $402,600, which includes benefits.

   But if you think that's a lot of money, check out what other college presidents are making around the country:

   John T. Casteen III of the University of Virginia came in at $753,672, and Mark Emmert of the University of Washington at $752,700.

   James P. Gallagher, who stepped down at Philadelphia University, had $2,557,219 in total compensation, which included deferred compensation that accrued over five years.

   And Benjamin Ladner, who resigned from American University, received $4.3 million in pay and benefits in the fiscal year 2006.

   Ladner stepped down following revelations of excessive personal spending of university money, and most of his compensation came from severance and deferred payouts.

  -- Jay Rey

Comments

[Monica Moshenko]

I can only imagine my salary was applied in part to help fund the "salary" and pampered lifestyle of President Simpson..after my secretarial job was eliminated by he and Provost Tripathi.

The home on Lebrun only costs $60K to live in each year - please I grew up in the area.

Does that include the ongoing expenses - often elaborate, which SUNY charges and we (taxpayers) pay for at the home such as special art room, custom furniture and ongoing decorating??

I don't think so.

[Barton Keyes]

This story underlines what may be the next big political issue in the presidential races: income disparity in America.
Recent news reports tell us that median income for men in their 30s has dropped some 12% over the last few years; that many families
had gotten slightly ahead of inflation only because both husbands and wives now work.
This hard fact is matched by the reality that corporate executives over the past few decades have dramtically increased the gap between their earnings and those of the average worker. In the 1960's, corporate execs made about 35 times the average worker's salary. Today they earn over 300% more.
And today only one-half of Americans are better off in relation to other Americans than their parents were.
Remeber the phrase: "It's the economy, stupid"? Well, we may soon be hearing from some campaign insider: "It's the income gap, stupid."

[Former WNY'er]

Do I hear another tuition increase in the future to help compensate the "low" presidential salaries?