ACADEMIA TURNS GREEN

Physician's Money Digest, January31 2003, Volume 10, Issue 2

Doctors who are looking atminuscule annual pay incrementsmay have good reason to be enviousof colleagues in the academic world.Many medical school professors earnmore than the presidents of theschools they teach at—and the presidentsaren't doing too badly either.Arecent survey of 565 private collegesby the Chronicle of Higher Educationshowed that the median payfor presidents of research universitiesjumped 30% from 1997 to 2001.Presidents of liberal arts colleges gotincreases of just 4% over the sameperiod. Of the college presidents, 27earned more than $500,000 a year,and for some, like Claire Gaudiani ofConnecticut College, that compensationincluded a generous severancepay package.