Presidents at several private Massachusetts colleges saw significant pay increases between 2009 and 2010, according to a new survey of compensation by the Chronicle of Higher Education.
The annual review of presidents’ pay, which has sparked uproar over local leaders’ salaries in past years, shows that presidents at Bentley University in Waltham, Curry College in Milton, Endicott College in Beverly, and Hampshire College in Amherst all received compensation increases of at least 24 percent and as much as 37 percent in 2010, according to available financial data.
Comments
I think the key word here is "private". If the boards of directors, students and the alumni from each school support these salaries then what business is it of the Globes?
I completely agree with you. The downside to spiraling salaries in these private institutions is that the numbers are used as comparators for other Heads of School including public colleges and universities which can drive up the expense side. That said, your point is valid.
The market has spoken and continues to speak.