Misreading Mr. Trachtenberg's pay
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The Nov. 2 Metro article "Ex-president of GWU leads in pay survey" left the misimpression that the compensation reported for Stephen J. Trachtenberg, former president of George Washington University, was for one year. In fact, the compensation reflected a one-time lump-sum payment made upon the conclusion of his nearly 20-year tenure as president.
This deferred compensation, accrued over the course of his service as president, has two components. The first component, a longevity bonus, was granted on an annual basis under his contract but was not payable until his retirement. The second was compensation for sabbatical leaves for which he was eligible but did not take during his tenure, a common practice for someone with his length of service.
Lorraine Voles, Washington
The writer is vice president for external relations at George Washington University.
