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NBA Power Rankings from Around the Internet
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Law, Love and Chocolate
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Collector Car Hobby Loses One of the Best—Jim Roll
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Decisions Decisions: Credit Cards or Your Mortgage?
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Loucile is looking for a Lake Erie getaway in June for three kids, ages 1, 3, and 5.
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Talk of the Town – Top entertainment picks for the weekend
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OFCCP Report
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Do IT this week: Layering
University gives $84,561 to Proenza's plan; his total compensation is $434,638
By Carol Biliczky Beacon Journal staff writer
Published on Tuesday, Nov 13, 2007
The University of Akron contributed $84,561 to President Luis Proenza's retirement plan last year, the second-highest of any public college president across the country.
That brought his yearly compensation to $434,638 according to UA and to the annual survey of executive compensation by the industry newspaper, the Chronicle of Higher Education.
While Proenza made the survey's Top 10 list for retirement contributions, his total compensation for last year placed him at about 66th among 182 public four-year colleges, and fifth
among Ohio's 12 state universities.
Kent State President Lester Lefton didn't make any of the Top 10 lists, but with total compensation of $479,788, he made more than Proenza and placed in the top third nationwide. The Chronicle did not include a $70,000 performance bonus in its calculation.
Ohio State's Karen Holbrook, head of the largest university in Ohio and one of the largest nationwide, was among eight public college presidents to make more than $700,000.
Kent State is Ohio's third-largest state university and UA is fifth.
''It's a competitive market,'' said Paul Fain, the Chronicle staff member who assembled the rankings. ''We do see it's harder to fill the position. I think we're asking folks to be scientists, academics as well as politicians, and there's less folks who can do that.''
Fain said the median total compensation for public college presidents nationwide was $397,000 last year, up 10 percent from $360,000 the year before. Six of the 12 public college presidents surveyed in Ohio made at least the median.
Many of them are rewarded for what is increasingly important, raising money, said Matthew Carr, education policy director for the conservative Buckeye Institute of Public Policy Solutions.
But in a larger sense, the ''one-upsmanship, one institution trying to outbid the other'' is a troubling trend, he said.
''The legislature is not going to be very amenable to increasing money for higher education if it's going for . . . bigger salaries for what some may perceive as overpaid administrators,'' he said.
Still, public colleges are not alone in elevating presidential compensation. Among private institutions, the median for 2005-2006 — the last year for which numbers were available — was $528,000, up from $497,000 the previous year.
Of the 37 private colleges surveyed in Ohio, Case Western Reserve's David Hundert, who since has retired, led with $787,779, followed by Ohio Dominican's Jack Calereso at $485,243.
For the first time, this year's report also included the compensation for the largest community colleges nationwide.
The survey had two in Ohio, both of which came in above the nationwide average of $250,000. Columbus State's M. Valeriana Moeller made about $305,500 and Cuyahoga Community College's Jerry Sue Thornton, $350,630.
Stark State College President John O'Donnell, who was not in the survey, made a $163,000 base salary, plus $19,285 in one-time payments for 2006-2007, Stark State spokeswoman Irene Lewis Mott said.
At UA, Proenza's retirement compensation was listed at $124,950 in the Chronicle report, but the university reported the wrong number, spokesman Paul Herold said. Proenza actually made $84,561 in retirement benefits, he said. The Beacon Journal used Herold's number.
That put the UA president ahead of all public college presidents in retirement benefits except for Robert H. Bruininks of the University of Minnesota-Twin Cities, who received $160,269.
While the Chronicle survey noted that many presidents received cars and houses, their value was not included in the total compensation.
Carol Biliczky can be reached at 330-996-3729 or cbiliczky@thebeaconjournal.com.
The University of Akron contributed $84,561 to President Luis Proenza's retirement plan last year, the second-highest of any public college president across the country.
Get the full article here.
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