- The Washington Times - Monday, November 15, 2004

BALTIMORE (AP) — The nation’s highest paid college president is William Brody of Johns Hopkins University, according to a survey released yesterday.

Dr. Brody earns $897,786 — including $590,111 in salary and $307,675 in other monetary benefits — according to data compiled and published by the Chronicle of Higher Education. The data are based on 2002-03 tax documents, the most recent available for private universities.

Coming in a close second was the University of Pennsylvania’s Judith Rodin, who earned $892,213 in 2003. She stepped down in June.

Salaries for the nation’s top college administrators are rising rapidly, the magazine said. The number of private college leaders who earned more than $500,000 increased to 42 since last year’s survey. In 2000, no university president made that much, the publication reported.

Dr. Brody, who ranked fifth in last year’s survey, received a raise of nearly $80,000, catapulting him into first place, the magazine said.

Dr. Brody declined to comment through a spokesman, but the chairman of Hopkins’ board of trustees released a statement saying Dr. Brody, who has headed the university since 1996, does an “outstanding job.”

“We are very pleased with Bill’s performance, and he deserves his compensation,” Raymond A. “Chip” Mason said.

The university, which includes Johns Hopkins Hospital and other medical institutions, is Maryland’s largest private employer, with 45,000 people. The hospital was ranked the best in the country and the university ranked 14th in the most recent rankings by U.S. News & World Report. The university receives about $1 billion annually in federal research grants, the most in the nation.

The institution also is a leader in fund raising. Hopkins’ endowment has grown from nearly $983 million when Dr. Brody became president in 1996 to about $1.9 billion at the end of the last fiscal year, university officials said.

Dr. Brody also has overseen several important building projects, including the $1 billion reconstruction of Hopkins’ East Baltimore medical campus.

Analysts said the increasing salaries do not surprise them, especially for presidents like Dr. Brody who oversee campuses that have hospitals. The presidents of the University of Pennsylvania and Vanderbilt University, both of which have respected medical facilities, rank second and third in pay respectively, according to the survey.

By contrast, Lawrence H. Summers, the president of Harvard, makes about $530,000 a year, the survey found. Harvard does not operate a hospital.

“This is a reflection of the marketplace and of supply and demand. It’s a small marketplace at the very top because there aren’t many people who can run a world-class hospital and a nationally and internationally significant campus,” said Sheldon Steinbach, general counsel at the nonprofit American Council on Education in Washington.

The chronicle’s survey consists of two reports: what presidents at private colleges earned in 2003 and what those at public colleges will earn in the 2004-05 period.

But the list included many asterisks — representing bonuses, severance packages and other one-time payouts — that blurred the line between big earners and huge earners.

Topping the list of public colleges was the University of Washington’s Mark A. Emmert, who earns $762,000. University System of Maryland Chancellor William E. Kirwan is the 20th-best paid public school administrator in the country, making $477,650 a year. Mr. Kirwan ranked seventh in 2002, but he has not had a raise since, the publication said.

Dr. Brody is a cardiac surgeon and has a doctorate in engineering. Before becoming president of Hopkins, he was the provost of the University of Minnesota Academic Health Center. He also served as chairman of radiology at Hopkins from 1987 to 1994.

He earned bachelor’s and master’s degrees in electrical engineering from the Massachusetts Institute of Technology and his medical degree from Stanford University.

Barry Toiv, a spokesman for the Association of American Universities, said colleges continue to bump up their presidents’ salaries to stay competitive.

“These men and women are CEOs in the sense that they have huge institutions for which they must carry out an enormous variety of difficult and complex tasks,” he said. “And so they are not easy to find. There is competition for them, like any other field.”

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