slides: Highest Paid College Presidents In Central Mass

Tuesday, December 11, 2012

GoLocalWorcester News Team

Pay for private-college presidents remains high despite the poor economy and includes a lot more than just a base salary, new analysis by The Chronicle of Higher Education found. See which Central Mass presidents made the most in 2010.

All data was collected by The Chronicle from the IRS' Form 990, obtained either from the school itself or from GuideStar, which collects the nonprofit reports and posts them online.

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David P. Angel

The Clark University president only took on the role in July of 2010, but even for a partial year, he was well-compensated, ranking 341st out of 493 chief executives at private non-profit colleges The Chronicle surveyed through IRS filings.

Base pay: $255,900

Bonus pay: $0

Deferred compensation: $24,500

Nontaxable benefits: $30,057

Other pay: $0

Total compensation: $310,457

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Francesco C. Cesareo

The Assumption College president, who has been the school's chief executive since 2007, saw his total compensation increase by 2 percent in 2010, and Cesareo ranked 302nd overall.

Base pay: $270,390

Bonus pay: $0

Deferred compensation: $26,414

Nontaxable benefits: $45,762

Other pay: $0

Total compensation: $342,566

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Dennis D. Berkey

Berkey, who has been president and CEO of Worcester Polytechnic Institute since 2004, is the longest-tenured of the group and his pay reflects that as well. The $857,027 he brought in for 2010 was a 4.7 percent increase from the prior year and was enough to earn him the rank of 51st highest-compensated private college president.

Base pay: $521,727

Bonus pay: $165,000

Deferred compensation: $26,222

Nontaxable benefits: $69,145

Other pay: $74,933

Total compensation: $857,027

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Rev. Michael C. McFarland

The former Holy Cross president received $0 in compensation in both 2009 and 2010, according to The Chronicle's findings.

The analysis excluded schools that claimed a religious exemption from filing Form 990, but The Chronicle said that "Some religious-affiliated colleges offer little or no compensation to their executives as reported on their 990 forms."

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Robert A. Brown

Boston University's president received the highest compensation among his colleagues at private colleges in Massachusetts in 2010. A five-year veteran of the top spot at BU, Brown ranked 24th nationally, even though he saw his compensation decrease slightly from 2009.

Base pay: $734,349

Bonus pay: $0

Defered compensation: $32,540

Nontaxable benefits: $278,744

Other pay: $95,697

Total compensation: $1,141,330

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Anthony W. Marx

The Amherst College president ranked 106th nationally for the more than half million dollars he pulled in during 2010, less than half of which was base pay. Carolyn "Biddy" Martin took over for Marx as president of Amherst in June of 2011.

Base pay: $279,981

Bonus pay: $0

Deferred compensation: $208,298

Nontaxable benefits: $80,260

Other pay: $22,271

Total compensation: $590,810

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Ralph J. Hexter

Hexter may have left his position as president of Hampshire College in August 2010, but not before pulling in over $560,000, a 37.6 percent increase from 2009 and enough to rank him the 121st highest compensated private college president in the country.

Base pay: $434,261

Bonus pay: $0

Deferred compensation: $20,223

Nontaxable benefits: $86,181

Other pay: $20,808

Total compensation: $561,473