Ohio State is No. 1 - in president's pay

By Ben Rooney, staff reporter


NEW YORK (CNNMoney.com) -- Ohio State University is No. 1 again, but not in football or basketball. For the second year in a row, the school's president was the highest paid public university executive in the United States, according to a study published Monday.

The Chronicle of Higher Education said E. Gordon Gee, Ohio State's president, took home $1.6 million last year, up from $1.3 million in 2008.

Mark Emmert, president of the University of Washington, was the second highest paid executive in the survey, with total compensation of more than $900,000 last year. Patrick Harker, president of the University of Delaware, came in third with more than $810,000 in total income.

The Chronicle, a Washington-based publication focusing on education, surveyed total compensation -- defined as salary and benefits -- for top executives at 185 public universities..

Gee is the only public university president to have earned more than $1 million last year. By contrast, The Chronicle reported in November that 23 presidents of the nation's top private universities took home more than $1 million in 2008, the most recent year surveyed.

In a statement, Gee said leading a public university is "a calling" adding that he feels an "unparalleled sense of urgency to fulfill the public trust."

"I am fully determined to make good on the University's great promise," he said. "We have a limitless capacity to do good in the world, and I will tell you that my eye never leaves the ball."

The Chronicle said Gee is one of "a growing number" of presidents that have given money back to their institutions, saying he donated $320,850 to help endow a scholarship fund.

Meanwhile, the survey found that compensation for public university executives overall increased at a much smaller rate in 2009 than in recent years. The median total compensation for chief executives last year was $436,111, up 2.3% from 2008. After adjusting for inflation, however, compensation rose 1.1%.

That compares with total compensation rising between 7.6% and 18.9% each year since 2005.

But as the economy soured and many public universities were forced to hike tuition and eliminate courses, the issue of executive compensation became a sore spot for many schools, said Jeffrey Selingo, editor of The Chronicle.

"Steadily rising pay packages of public university chiefs riled parents, students and politicians, especially as tuition increases also had been hefty from year to year," Selingo said in a statement.

The survey also showed that base salaries stopped growing last year for more than one-third of the public university heads, while 10% of them experienced a decline in total compensation.

The Chronicle also surveyed compensation at 64 community colleges nationwide and identified Eduardo Padrón, president of Miami Dade College, as the highest paid.

Padrón's pay package totaled nearly $550,000 last year. He was followed by Michael McCall, president of the Kentucky Community College and Technical College System, at roughly $532,000. To top of page

Frontline troops push for solar energy
The U.S. Marines are testing renewable energy technologies like solar to reduce costs and casualties associated with fossil fuels. Play
25 Best Places to find rich singles
Looking for Mr. or Ms. Moneybags? Hunt down the perfect mate in these wealthy cities, which are brimming with unattached professionals. More
Fun festivals: Twins to mustard to pirates!
You'll see double in Twinsburg, Ohio, and Ketchup lovers should beware in Middleton, WI. Here's some of the best and strangest town festivals. Play
Index Last Change % Change
Dow 18,080.14 21.45 0.12%
Nasdaq 5,092.09 36.02 0.71%
S&P 500 2,117.69 4.76 0.23%
Treasuries 1.92 -0.03 -1.54%
Data as of 5:51am ET
Company Price Change % Change
Microsoft Corp 47.87 4.53 10.45%
Apple Inc 130.28 0.61 0.47%
Comcast Corp 59.64 0.41 0.69%
AT&T Inc 34.01 -0.22 -0.64%
Xerox Corp 11.99 -1.15 -8.75%
Data as of Apr 24
Sponsors

Sections

Shares in Italian bank Intesa Sanpaolo dropped sharply Friday after hoaxers claimed its CEO had quit after faking billions in profits. More

The impact of rising immigration on Britain's economy has become a hot topic in the election campaign. More

Stars of Youtube, Vine, Snapchat, and Twitter are attending this year's White House Correspondents' Dinner. More

A Girl Scouts Cookie Oven rolling out to Wal-Mart, Target, Kmart stores this summer will let you bake those iconic thin mints right at home. More