Target Audience: University Employees and Executives

Although this is not comforting news for those of us who are on the hook for college tuition payments, there have been some recent reports on the high levels of compensation for university employees, researchers, and executives.

In a November 14th article in the San Francisco Chronicle, it was reported that 2,275 University of California employees earned more than $200,000 during the last fiscal year...up 30% over the past two years. 496 employees earned more than $300,000. "See article"

Many of the top-paid UC employees are administrators, yet more than half are faculty.

Of course, the other side of the coin is the apparent inequity of this compensation distribution. In recent years, the UC system has frozen the pay of many low-paid employees, raised student fees by 79%, increased class sizes and curtailed student services.

Also, in a recent report by the Chronicle of Higher Education, five university presidents now make more than $1 million in total compensation annually. All are at private institutions. The leader is Donald Ross of Lynn University in Boca Raton, FL...at $5.04 million. The compensation of leaders of public institutions is increasing as well...with 23 presidents now being paid more than $500,000. "See article"

The salary competition is being fueled by a wave of retirements of baby-boomer college presidents, and by the growing desire of governing boards to hire only presidents who have already been presidents elsewhere.

In 1776, Adam Smith first began writing about Supply and Demand in The Wealth of Nations. Apparently, this phenomena is still in effect.

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