The Chronicle of Higher Education has released the 2009 salaries of college and university presidents, and President Walter Harrison is fairly high.
Harrison had a pay increase of two percent in 2009 with a total compensation of $592,317. Compared to other Connecticut presidents, Harrison is right in the middle.
The highest on the list was Yale University’s Richard Levin at $1.6 million. This was the highest among Ivy League college presidents in 2009 and ninth highest in the country. In an article done by the Hartford Courant, a Yale spokesman Thomas Conroy said that Levin’s compensation is decided after receiving recommendations from the corporation’s compensation committee.
Next was Quinnipiac University’s John Lahey at $1.2 million. Lynn Bushnell, vice president for public affairs at Quinnipiac, said that the university would not comment on salaries or other personnel matters.
Number ten on the list was Saint Joseph College’s Pamela Trotman Reid at $319,064.
Outside of Connecticut, salaries range as high as the $4.9 million salary for Drexel University’s Constantine N. Papadakis.
Compared to the average professor’s pay of $115,300, Harrison receives five times more. With an expenditure amount of $232 million, Harrison received about 0.26 percent of that budget.
Considering that one student’s tuition in 2009-10 was $28,980, it would take about 20.4 students to pay Harrison’s salary for the year.
A student in 2009-10 at Yale University would pay tuition of $36,500. Levin’s salary would then take 43.8 students. A student in 2009-10 at Quinnipiac University would pay $32,400 of tuition therefore taking 37 students to cover their president’s salary.