Brandeis University disclosed Thursday that it paid former president Jehuda Reinharz $811,000 this month for sabbatical leaves that he accumulated but never took during his 17-year presidency and will pay him an additional $2 million for part-time work over the next decade.
The announcement came after an uproar over disclosure of how much Reinharz has been paid since he left the president’s office at the end of 2010. Brandeis officials said they voluntarily revealed details about his pay as part of a new commitment to be more open and fair in setting executive compensation.
“Our new policies set very high standards,” said Brandeis board chairman Perry M. Traquina in a statement. “These governance changes turn a new page for the university and aim to make Brandeis a national leader in terms of best practices for executive compensation.”
University officials said that the $811,000 in sabbatical pay was part of a $4.9 million lump sum payment Reinharz received on January 2. The rest was for deferred compensation that officials at the Waltham university said was gradually earned and reported on tax returns during Reinharz’s tenure as president.
A university spokeswoman said the sabbatical pay was mentioned in a previous footnote and will be reported again, along with the payment of the deferred compensation, in a tax return in May 2016. But the university made the point of voluntarily including the figure in an announcement on the new compensation policies Thursday.
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