In a statement, Wake Forest said Dr. Hatch’s compensation without those earnings — a base salary of $839,944 — was in line with similar institutions. The top 10 included some expected names, including the leaders of the University of Pennsylvania, the University of Southern California, Columbia University, the University of Chicago and Boston University. Private colleges tend to pay their presidents more than public ones do. As presidents’ pay has risen unabated, lawmakers have begun criticizing the size of some universities’ endowments, which are currently untaxed. Dr. Eaton said the high salaries paid to private university presidents often are tied to the wealth of endowments.

Source: New York Times December 10, 2017 22:52 UTC