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
