Some private university presidents earn more than $1 million a year
By Nick Anderson,
Three private university leaders from the District and Maryland are among a group of 36 nationwide who earned more than $1 million in total compensation in 2010, according to a survey released Sunday.
The survey by the Chronicle of Higher Education examined tax records for 2010, totaling salary, bonuses, deferred pay, benefits and other forms of compensation. It found that Steven Knapp, president of George Washington University in the District, earned about $1.17 million; Ronald J. Daniels, president of Johns Hopkins University in Baltimore, earned about $1.27 million; and Kevin J. Manning, president of Stevenson University in Baltimore County, earned about $1.05 million.
The highest-paid private university leaders in Virginia were Edward L. Ayers of the University of Richmond ($839,000) and Kenneth P. Ruscio of Washington and Lee University in Lexington ($595,000).
Other D.C. university leaders who earned more than $500,000 were John J. DeGioia of Georgetown ($925,000); Cornelius M. Kerwin of American ($838,000); Sidney A. Ribeau of Howard ($722,000); and T. Alan Hurwitz of Gallaudet ($517,000).
One other Maryland president reached that mark: Christopher B. Nelson of St. John’s College in Annapolis ($585,000).
The highest-paid president in the survey nationally was Bob Kerrey, a former U.S. senator from Nebraska, who earned more than $3 million as leader of the New School in New York. He left the post in 2011.
In 2010, the Chronicle found, the median total compensation among 493 presidents at private colleges with annual budgets exceeding $50 million was $396,588.