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Executive Compensation at Public Colleges, 2013 Fiscal Year

May 21, 2014 Comments off

Executive Compensation at Public Colleges, 2013 Fiscal Year
Source: Chronicle of Higher Education
From related article:

The three highest-paid public-college leaders in the 
nation have something in common: They earned hundreds of thousands of dollars on their way out the door.

The size of the parting packages given to these men—two who resigned amid long-churning controversies and one 
who quit unexpectedly—demonstrates just how expensive it can be for a college to end the presidency of a well-paid chief.

E. Gordon Gee, the popular and gaffe-prone former president of Ohio State University, earned more than $6-million in 2012-13, making him the nation’s top-paid college leader for that period, a Chronicle analysis has found. Mr. Gee has maintained that he resigned of his own accord last summer, but the decision came as trustees expressed impatience and disappointment with his often-ill-considered jokes.

Mr. Gee’s 2012-13 pay dwarfs the $478,896 median compensation for public-college presidents. The Chronicle’s analysis includes 256 college leaders from 227 institutions.

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Executive Compensation at Private Colleges, 2011

December 16, 2013 Comments off

Executive Compensation at Private Colleges, 2011
Source: Chronicle of Higher Education

These data show the compensation received by 550 chief executives at 500 private nonprofit colleges in the United States during the 2011 calendar year.

For our analysis, we selected the private nonprofit baccalaureate, master’s, and doctoral institutions with the 500 largest endowments, as reported to the U.S Department of Education’s Integrated Postsecondary Education Data System, or Ipeds. Some nonprofit universities don’t report the value of their endowments to Ipeds, and those were excluded from our analysis.

This group of institutions varies slightly from those of past years, when all institutions with more than $50-million in total expenditures were included.

Compensation data were compiled from the Internal Revenue Service’s Form 990, which is filed by most nonprofit entities. Some private nonprofit universities cite a religious exemption from filing the Form 990 and were therefore excluded from our analysis.

A College Degree Sorts Job Applicants, but Employers Wish It Meant More

June 29, 2013 Comments off

A College Degree Sorts Job Applicants, but Employers Wish It Meant More
Source: Chronicle of Higher Education

Employers value a four-year college degree, many of them more than ever.

Yet half of those surveyed recently by The Chronicle and American Public Media’s Marketplace said they had trouble finding recent graduates qualified to fill positions at their company or organization. Nearly a third gave colleges just fair to poor marks for producing successful employees. And they dinged bachelor’s-degree holders for lacking basic workplace proficiencies, like adaptability, communication skills, and the ability to solve complex problems.

“Woefully unprepared” is how David E. Boyes characterized the newly minted B.A.’s who apply to his Northern Virginia technology consulting company.

What gives? These days a bachelor’s degree is practically a prerequisite for getting your résumé read—two-thirds of employers said they never waive degree requirements, or do so only for particularly outstanding candidates. But clearly the credential leaves employers wanting. While they use college as a sorting mechanism, to signal job candidates’ discipline and drive, they think it is falling short in adequately preparing new hires.

The tension may lie partly in changes in the world of work: technological transformation and evolving expectations that employees be ready to handle everything straightaway. And perhaps managers are right to expect an easier time finding employees up to the task—after all, three times the proportion of Americans have bachelor’s degrees now as did a generation or two ago.

Executive Compensation at Public Colleges, 2012 Fiscal Year

May 13, 2013 Comments off

Executive Compensation at Public Colleges, 2012 Fiscal Year

Source: Chronicle of Higher Education

From article: 4 Public-College Presidents Pass $1-Million Mark in Pay

Public higher education’s million-dollar club just got bigger. Four public-college presidents earned more than $1-million in 2011-12, up from three a year earlier, a Chronicle analysis has found. The median total compensation for public-college leaders rose to $441,392, an increase of 4.7 percent from 2010-11.

The top earner was Graham B. Spanier, who received $2.9-million. Mr. Spanier, who was fired in 2011 in connection with a child-sex-abuse scandal involving a former assistant football coach, received most of his money in severance pay and deferred compensation, which is money he earned during his 16-year presidency that was not previously paid out.

The Chronicle’s analysis included 212 college leaders at 191 public institutions.

Robots Aren’t the Problem: It’s Us

May 7, 2013 Comments off

Robots Aren’t the Problem: It’s Us (PDF)

Source: Chronicle of Higher Education (Richard Florida)

Everyone has an opinion about technology. Depending on whom you ask, it will either: a) Liberate us from the drudgery of everyday life, rescue us from disease and hardship, and enable the unimagined flourishing of human civilization; or b) Take away our jobs, leave us broke, purposeless, and miserable, and cause civilization as we know it to collapse.

How educated are state legislators?

June 13, 2011 Comments off

How educated are state legislators?
Source: Chronicle of Higher Education

The Chronicle has looked at where each of the 7,000-plus state legislators in America went to college—or whether they went at all. In doing so, we got a glimpse of how the citizens who hold these seats reflect the average American experience.

Presidents Defend Their Pay as Public Colleges Slash Budgets

April 4, 2011 Comments off

Presidents Defend Their Pay as Public Colleges Slash Budgets
Source: Chronicle of Higher Education

If there’s a sure lesson from the economic recession, it’s that perception matters.

When Wall Street bankers took taxpayer bailouts and then made off with big bonuses, they were vilified. Moral outrage ensued when chief executives of the Big Three automakers flew into Washington on private jets to ask for a government rescue.

Indeed, America’s anemic economy ensures that people at the top of the heap, including some public-university presidents, will often have targets on their backs, particularly if they are asking for more state or federal support.

The highest-paid public-college executives, who receive compensation packages in the high six figures and more, walk a difficult political tightrope. They must at once argue that their state budgets have been cut to the bone and need to be restored, while at the same time acknowledging their rarefied personal financial circumstances in states where layoffs, program closures, and pay reductions have been all too common. In making that case, presidents and the trustees who set their salaries have for years argued that, irrespective of economic conditions, those presidential pay levels are fair, necessary, and performance-driven. While that case appears to have been effectively made in many states, some higher-education officials and compensation experts say a prolonged budget crisis could hamstring the wealthiest presidents as they argue that their institutions are deserving of increasingly scarce public resources.

Includes charts of highest paid chief executive officers at public colleges, 2009-2010.

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