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The Philadelphia Inquirer from Philadelphia, Pennsylvania • Page B03

Location:
Philadelphia, Pennsylvania
Issue Date:
Page:
B03
Extracted Article Text (OCR)

THE PHILADELPHIA INQUIRER www.philly.com South Jersey B3 College presidents work in halls of higher earning GLENN "HURRICANE and the Exclusive EarthWatch 7-Day Forecast Monday, November 12, 2007 Em OSi Pay at the Top Figures includes salary and benefits. Many presidents also get the use of a house and car and other perks. Some of the presidents are no longer in office. IT oo CUlil; oi 1 1 OS Urn zl LU I Stop FIBROMYALGIA from Ruining Your Life! MT. LAUREL, NJ IF you've been diagnosed with Fibromyalgia, but no treatment has worked, then this will be the MOST IMPORTANT MESSAGE YOU'LL EVER READ, Here's why: My name is Dr.

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Free Fibromyalgia Relief Exam Will Provide Answers! University of Delaware: David Roselle $847,687 Rutgers University system: Richard L. McCormick $666,999 Pennsylvania State University system: Graham B. Spanier $545,000 Temple University: Ann Weaver Hart $505,000 Drexel University: Constantine N. Papadakis $969,006 Wilmington University: Jack Varsalona $827,495 American College: Laurence Barton $543,210 Philadelphia College of Osteopathic Medicine: Matthew Shure $532,725 Rider University: Mordechai Rozanski $502,170 Swarthmore College: Alfred H. Bloom $494,801 Bucknell University: Brian C.

Mitchell $462,304 Lafayette College: Daniel H. Weiss $419,257 Widener University: James T. Harris III $385,958 University of the Arts: Miguel Angel Corzo $357,414 Bryn Mawr College: Nancy J. Vickers $354,334 Ursinus College: John R. Strassburger $333,721 Haverford College: Thomas R.

Tritton $331,806 Cabrini College: Antoinette ladarola $330,529 Arcadia University: Jerry M. Greiner $252,679 explaining our proce- "ll Would you like a Free Report duresV Call TOLL FREE 1-888-774-2579, EXT 9003. I 8, 2007. Al This free offer expires on Dec Dr. Ronald Peak 4516 Church Rd, Mt Laurel, NJ (8567788653 i By Kathy Boccella INQUIRER STAFF WRITER Anyone thinking about a career change might want to consider university president, as salaries are rising rapidly at public and private institutions, according to a survey released today.

The region's earning champ was James P. Gallagher, who stepped down from Philadelphia University in August with $2.6 million, the second-highest wage at a private university in the nation in 2005-06, the most recent year available. That whopper of a payoff included $2.2 million in deferred compensation that accrued over five years, said Elizabeth Gemmill, chairman of the board of trustees. "It was basically his pension," she said. Gallagher also ranked second the previous year at $837,158, of which $285,424 was base pay and most of the rest pension.

Harvard's Lawrence H. Summers, who resigned last year, didn't come close with a pay package of $611,126. The Philadelphia region's second-highest earner was Drexel University's Constan-tine Papadakis, who collected $969,006 in pay and benefits, the eighth-best among research institutions. That's not all Papadakis took home. He was also paid as much as $229,166 for serving on the boards of Amkor Technology Aqua America CDI Mace Security International Met-Pro Corp.

and Sovereign Bank, not including stock options or shares, according to the report. "Good presidents are in high demand," Papadakis said with a chuckle about his nearly million-dollar fee. He was trailed locally by Robert L. Barchi, president of Thomas Jefferson University, who grossed $760,312 in salary and $67,159 in colleges from the Chronicle of Higher Education. Last year, 56 of the 182 public colleges surveyed paid their leaders at least $450,000, with the biggest and best-known schools topping that.

Boards at private schools had to shell out even more, with 81 presidents taking in more than $500,000 in 2005-06, up 200 percent from five years earlier. Several current presidents, including those at Johns Hopkins, Rensselaer Polytechnic Institute, and Emory, received more than $1 million in pay and benefits. Other university leaders Ssr At the other end are nuns and priests who lead religious-affiliated schools, such as Villanova, St. Joseph's, Chestnut Hill and Immacula-ta, and take no presidential salary. For the first time, the survey reported community college presidents' earnings.

Stephen M. Curtis, president of the Community College of Philadelphia, received $269,596 in pay and benefits. For that kind of dough, colleges ask a lot from the people in charge. The report says candidates for top jobs need to have a nearly bottomless pool of qualifications, including being capable in a crisis, proven fund-raising abilities, larger-than-life personalities that can land a school in the spotlight, and the ability to get everyone at the university working together. Of course, those skills aren't quite as valuable as leading a football team to an NCAA championship, if the salaries of head coaches are any indication.

According to the report, many coaches at the largest public institutions outearned their presidents. At Rutgers, for instance, head coach Gregory E. Schiano raked in $911,000, almost double McCormick's salary. At the University of Florida, which won the national title last year, Gators coach Urban F. Meyer collected $1.5 million, almost four times as much as president J.

Bernard Machen. benefits. Wilmington University's Jack P. Varsalona nearly tied with a combined $827,471 paycheck. The only Ivy League leader in Philadelphia, the University of Last year, 56 of the 182 public colleges surveyed paid their leaders at least $450,000.

made much more than that from deferred compensation or bonuses when they left office. The pacesetter in that department was Donald E. Ross, former president of Lynn Mount Laurel 856.235.7100 Deptford 856.845.9400 Hammonton 609.567.3100 All the seasons of life have their own special moments. Ensure that you and your loved ones can experience each one in an atmosphere of dignity and respect. Our caring staff and supportive, home-like environment create peace of mind for our residents and their families.

When you choose Innova, you know that your loved one is getting the best care available. University in Florida, who left in June 2006 with $5.7 million. Like members of Congress, college presidents enjoy considerable perks, such as free housing and cars, travel, meals and club dues. Temple University's Ann Weaver Hart, who came aboard in May 2006, got a $40,000 performance bonus in addition to her $465,000 salary in her first year, making her the 15th-highest-paid public university president. Number five was Rutgers University's Richard L.

McCormick, who received $525,000, plus a $100,000 retention bonus and benefits. Pennsylvania's Amy Gutmann, pulled in $630,00 plus $147,692 in benefits, llth-highest for the survey's top 33 research institutions and more than every other Ivy leader except Yale's. For public universities, the University of Delaware's David P. Roselle, who resigned in June, had the top compensation, $847,687, with Pennsylvania State University's Graham B. Spanier coming in fourth at $545,000.

Public school figures are from 2006-07. The competition for presidents at the highest levels of academe is fierce and pay is going up accordingly, reported the annual survey of 932 Contact staff writer Kathy Boccella at kboccellaphillynews.com or 610-313-8123. INNOVA Classifieds www.innovanj .800.341.3413 PHILLY.COMCLASSIFIEDS Choice for Living Well REACH MILLION PEOPLE EVERY WEEK a BUY THE XL CLASSIC FOR $299 GET THE $149 COMPACT CANISTER AND THE $100 ELECTRIKBR00M FREE. The stockings were hung by the chimney with care in hopes that an Oreck soon would be there. We won't disappoint.

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Pages Available:
3,846,583
Years Available:
1789-2024