Chronicle of Higher Education January 15, 2012 Many Presidents at Wealthy Universities Supplement Salaries on Corporate Boards Board memberships for presidents at colleges with the 50 largest endowments Rank Chief executive Board memberships and compensation Total board earnings College compensation College and board compensation How much board earnings increase college compensation 1 Drew Gilpin Faust, Harvard U. none $0 $874,559 $874,559 0.0% 2 Richard C. Levin, Yale U. American Express Company $268,836 $1,627,649 $1,896,485 16.5% 3 Shirley M. Tilghman, Princeton U. Google Inc. $504,206 $910,626 $1,414,832 55.4% 4 Francisco G. Cigarroa, U. of Texas system none $0 $813,892 $813,892 0.0% 5 John L. Hennessy, Stanford U. $433,187 - Google Inc. $287,100 - Cisco Systems Inc. $720,287 $985,569 $1,705,856 73.1% 6 Susan Hockfield, Massachusetts Institute of Technology General Electric Company $298,542 $931,603 $1,230,145 32.0% 7 Mary Sue Coleman, U. of Michigan system $229,940 - Johnson & Johnson $195,448 - Meredith Corporation $425,388 $783,850 $1,209,238 54.3% 8 Lee C. Bollinger, Columbia U. Washington Post Company $70,000 $1,527,217 $1,597,217 4.6% 9 Morton O. Schapiro, Northwestern U. Marsh & McLennan Companies $205,000 $597,863† $802,863 34.3% 10 John Sharp, Texas A&M U. system none $0 n/a n/a n/a 11 Amy Gutmann, U. of Pennsylvania none $0 $1,321,040 $1,321,040 0.0% 12 Robert J. Zimmer, U. of Chicago none $0 $1,276,950 $1,276,950 0.0% 13 Mark G. Yudof, U. of California system none $0 $783,103 $783,103 0.0% 14 Rev. John I. Jenkins, U. of Notre Dame none $0 $705,302 $705,302 0.0% 15 Richard H. Brodhead, Duke U. none $0 $879,024 $879,024 0.0% 16 James W. Wagner, Emory U. none $0 $1,170,648 $1,170,648 0.0% 17 Mark S. Wrighton, Washington U. in St. Louis $236,131 - Corning Inc. $181,900 - Brooks Automation Inc. $130,703 - Cabot Corporation $548,734 $861,979 $1,410,713 63.7% 18 David J. Skorton, Cornell U. none $0 $861,950 $861,950 0.0% 19 Teresa A. Sullivan, U. of Virginia none $0 n/a n/a n/a 20 David W. Leebron, Rice U. none $0 $1,517,854 $1,517,854 0.0% 21 Nicholas S. Zeppos, Vanderbilt U. none $0 $1,890,274 $1,890,274 0.0% 22 Jim Yong Kim, Dartmouth College none $0 $612,718† $612,718 0.0% 23 C.L. Max Nikias, U. of Southern California Synopsys Inc. n/a n/a n/a n/a 24 John E. Sexton, New York U. none $0 $1,513,723 $1,513,723 0.0% 25 Ronald J. Daniels, Johns Hopkins U. none $0 $916,634† $916,634 0.0% 26 Eric W. Kaler, U. of Minnesota system none $0 n/a n/a n/a 27 Ruth J. Simmons, Brown U. $450,876 - Goldman Sachs Group* $203,872 - Texas Instruments Inc. $654,748 $656,683 $1,311,431 99.7% 28 Mark A. Nordenberg, U. of Pittsburgh Bank of New York Mellon Corporation $211,159 $524,752 $735,911 40.2% 29 Holden Thorp, U. of North Carolina at Chapel Hill none $0 $444,768 $444,768 0.0% 30 E. Gordon Gee, Ohio State U. $160,488 - Bob Evans Farms Inc. $39,644 - Hasbro Inc.* $200,132 $1,818,911 $2,019,043 11.0% 31 Michael K. Young, U. of Washington SkyWest Inc.* $95,150 n/a n/a n/a 32 France A. Córdova, Purdue U. $250,009 - SAIC Inc. $195,266 - Edison International $445,275 $566,440 $1,011,715 78.6% 33 Edward L. Ayers, U. of Richmond none $0 $719,278 $719,278 0.0% 34 Marc Tessier-Lavigne, Rockefeller U. none $0 n/a n/a n/a 35 David Ward, U. of Wisconsin at Madison none $0 n/a n/a n/a 36 Jean-Lou A. Chameau, California Institute of Technology $203,042 - MTS Systems Corporation n/a - John Wiley & Sons Inc. $203,042 $792,861 $995,903 25.6% 37 Adam F. Falk, Williams College none $0 n/a n/a n/a 38 Rev. William P. Leahy, Boston College none $0 $0 $0 0.0% 39 Barbara R. Snyder, Case Western Reserve U. KeyCorp $99,000 $778,874 $877,874 12.7% 40 David W. Oxtoby, Pomona College none $0 $474,724 $474,724 0.0% 41 Lou Anna K. Simon, Michigan State U. none $0 $572,000 $572,000 0.0% 42 Carolyn A. (Biddy) Martin, Amherst College none $0 n/a n/a n/a 43 Michael A. McRobbie, Indiana U. system none $0 $570,061 $570,061 0.0% 44 Rodney A. Erickson, Pennsylvania State U. system none $0 n/a n/a n/a 45 Joel Seligman, U. of Rochester Eastman Kodak Company $70,000 $748,126 $818,126 9.4% 46 H. Kim Bottomly, Wellesley College none $0 $648,015 $648,015 0.0% 47 Michael J. Hogan, U. of Illinois system none $0 n/a n/a n/a 48 Raynard S. Kington, Grinnell College none $0 n/a n/a n/a 49 Rebecca S. Chopp, Swarthmore College none $0 $330,752† $330,752 0.0% 50 Carol T. Christ, Smith College none $0 $471,198 $471,198 0.0% * No longer on board † Reflects partial-year compensation. Note: Only U.S. colleges and companies are included. University compensation is for the 2009-10 fiscal year for public-college presidents and the 2009 calendar year for private-college presidents. These figures are not directly comparable. The most recent board compensation data is typically for the fiscal year ending in 2010 and is not yet available (n/a) for those leaders whose board terms began in 2011. Board terms are based on data available in December 2011. Sources: Board service and compensation data collected by GMI from 2011 Securities and Exchange Commission filings. Public-college president-compensation data collected by The Chronicle. Private-college president data from Internal Revenue Service Form 990. Endowment data collected by the National Association of College and University Business Officers SANDRA M. PHOENIX Executive Director HBCU Library Alliance sphoenix@hbculibraries.org<mailto:sphoenix@hbculibraries.org> www.hbculibraries.org<http://www.hbculibraries.org/> 404.592.4820 Skype:sandra.phoenix1 1438 West Peachtree Street NW Suite 200 Atlanta, GA 30309 Toll Free: 1.800.999.8558 (Lyrasis) Fax: 404.892.7879 www.lyrasis.org<http://www.lyrasis.org/> Honor the ancestors, honor the children.