- Associated Press - Tuesday, December 9, 2014

RICHMOND, Va. (AP) - A new report says University of Richmond President Edward L. Ayers is among three dozen presidents of private colleges and universities who earned more than $1 million in 2012.

Ayers’ compensation is ranked 35th in a survey of the 500 private schools with the largest endowments. The survey was conducted by the Chronicle of Higher Education.

The Chronicle’s report says Ayers’ total compensation in 2012 was $1,008,770.

University of Richmond spokeswoman Cynthia Price tells the Richmond Times-Dispatch (https://bit.ly/1D39wZ9 ) that The Chronicle’s reported compensation included the value of the president’s home and expenses. She says it also included a one-time payout of deferred compensation earned over the preceding five years.

The Chronicle’s analysis calculated the annual compensation using base salary, bonuses, other reportable compensation and nontaxable benefits.



Chronicle of Higher Education: https://chronicle.com/compensation


Information from: Richmond Times-Dispatch, https://www.timesdispatch.com

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