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The Boston Globe

Editorials

Editorial

College presidents’ salaries on the up and up (and up)

College presidents should receive competitive pay for the work they do. But it’s hard to determine how much is too much — or, put another way, when a university’s trustees are going overboard in lavishing money and perks on the president. Well-established universities tend to justify raising the salaries of their chief executives based on their fat endowments and generous fund-raising numbers. Up-and-coming universities often reward their presidents for jumps in their annual rankings. But even less-respected institutions can justify paying through the teeth for a top manager based on their need for quick improvement.

Unfortunately, it all adds up to higher-than-inflation raises for private college and university heads, while students are getting buried under increasing debt. The link between the president’s compensation and tuition is tenuous at best, but in a time of great student anxiety over finances, colleges and universities must show restraint.

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