City State: VaTech, GMU presidents among highest paid
Somebody’s likely suffering from the rising cost of college tuition, but it doesn’t seem to be the presidents of five Virginia universities who made it on top-paid lists compiled by the Chronicle of Higher Education.
Virginia Tech President Charles W. Steger’s $744,892 package places him eighth on a top-10 list, based on total cost of employment, while George Mason University President Alan G. Merten ranks 10th for total compensation, earning $633,631.
Three other presidents of Virginia schools were included in the survey, which ranked 185 presidents of schools with more than 10,000 students, according to the Richmond Times-Dispatch.
- University of Virginia President John T. Casteen (he retired last summer): total compensation, $487,000, total cost of employment, $703,648.
- Virginia Commonwealth University President Michael Rao: total compensation, $488,500, total cost of employment, $665,804.
- Old Dominion University President John R. Broderick: total compensation, $312,000, total cost of employment, $347,127.
All of their salaries fall far short of the $1.8 million package of Ohio State University President E. Gordon Gee, who retains his No.1 ranking from last year.
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