Median Pay for Presidents at 185 Large Public Universities: $444,487

April 4, 2011

From today’s WSJ:

As many state legislatures debate double-digit percentage cuts in higher-education funding, presidential pay could become a sensitive subject. In Austin, for instance, University of Texas Chancellor Francisco G. Cigarroa is asking lawmakers to limit proposed reductions in the state’s funding of higher education, even as his compensation was third highest, by total cost of employment, among public-university leaders in America.

Last school year, Dr. Cigarroa was paid $750,000, with perks such as deferred compensation bringing the total cost of his employment to $813,892, the Chronicle survey said.

A University of Texas spokesman said Dr. Cigarroa has received no pay increase since taking the job two years ago. In a statement, Gene Powell, chairman of the University of Texas System Board of Regents, said the vast majority of the chancellor’s compensation comes from an endowment rather than from taxpayers.

Did you catch the first sentence of that last paragraph? “A University of Texas spokesman said Dr. Cigarroa has received no pay increase since taking the job two years ago.”

I always find it funny that executive pay is always defended by, “But he hasn’t had a raise in X number of years.”

Even with a 3% inflation rate over the last three years, this president’s purchasing power is still over $684,000. Not too shabby if you ask me.

It’s no wonder college is so expensive.

14 responses to Median Pay for Presidents at 185 Large Public Universities: $444,487

  1. University of Texas, Austin, has about 50,000 students. Dallas, 17,000. Arlington, 33,000. In all, about 210,000 students attend the UTX system.

    Dr. Cigarroa manages that system. His compensation package comes to about $4 from each student.

  2. Cigarroa is the “chancellor” of UT.

    William Powers, the president of UT Austin, has a total compensation of $701,995.

    How these guys can struggle after two years with no pay increase is beyond me.

  3. BG,
    Do you believe in spreading the wealth around?

  4. Beeg) you seem to be very combative today, not sure what your issue is. Since it was disclosed that the majority of the chancellor’s pay is from endowment funds, I could care less.

    I don’t donate any money to UT.

    If the majority of his pay was from tax-payers, you bet I’d take issue with a government employee making that much.

  5. The more university operating expenses
    come from ‘endowment funds’, the less comes
    directly from taxpayers. Who thinks that
    endowment funds should be used to build
    libraries, buy computers, lab equipment, books,
    and pay professors? If bloated admin salaries
    waste endowment funds, you think the taxpayers
    WON’T pay in the end? Might as well ‘take issue’

  6. Harm,

    That’s what I was thinking.

  7. Harm and JLP) What do you propose then?

    My idea: eliminate charitable deduction status to any organization who has at least one employee earning $250k or more (adjusted for inflation).

    Salaries at places like this would come down lickety-split.

  8. Well, BG, if we just went to the Fair Tax, none of it would be tax-deductible!! 🙂

  9. Jack) I’m with you there — flat tax for all, no deduction/exemptions/loopholes: including “charitable contributions” to execs with mega-salaries.

  10. A sales tax would be so much easier — then you wouldn’t need IRS agents checking your income statements.

  11. But then you would have ignorant/corrupt entities that don’t remit the tax $ and might not have the “fear” an individual has of the IRS.

  12. Stacey, most States have sales taxes. Can you cite any cases in which that has happened?

  13. Jack) Amazon.

  14. Amazon is not responsible for paying the taxes — the consumers are.