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Monday, November 14, 2005

TWELVE YEARS IN
THE FOURTH TIER

Of the many news articles out today in response to the latest tracking of university and college president salaries and how they’re spiking way way way up, this one, from CNN Money, is the most concise and to the point.

The point being that executive pay is through the roof in this segment of the ed biz, and a lot of people wonder why.

Onaccounta it don’t make no sense. Take fourth-tier ranked Georgia State University. That’s the lowest US News and World Report tier available.

And yet one of the highest compensated university presidents in this country presides over fourth-tier ranked Georgia State University. Carl V. Patton comes in at $688,406 (and that‘s last year). “The reason his compensation is so high this year is that he will receive part of his $900,000 in deferred comp for serving 12 years in his post,” it says here.
Posted at: 11/14/2005 09:34:00 AM