UVA President John Casteen’s $800,000 salary may seem a significant sum, but for former George Washington University President Stephen Trachtenberg, that’s peanuts.
The Chronicle of Higher Education released pay surveys for private university presidents for 2007-2008. Trachtenberg, who is at the top, pocketed $3.7 million in salary and benefits. That’s $2 million more than any other leader of private higher education institution.
According to the Washington Post’s coverage of the Chronicle’s report today, salaries increased by 6.5 percent in 2007-2008. The median was $358,746.
By comparison, the Post revisited a survey on public university presidents. UVA President John Casteen is the third-highest ranking president of a public university, earning $800,000 between pay and benefits.
The survey also found that 23 presidents make more than $1 million. Shirley Ann Jackson, president of Rensselaer Polytechnic Institute in Troy, NY makes $1.6 million in salary and benefits.
