Three private college presidents in the Washington region earned more than $1 million in 2009, and three more passed the $750,000 mark in total compensation, according to an annual survey by the Chronicle of Higher Education.
The two largest sums among area presidents were exit packages to departing leaders: $3.8 million to William Brody at Johns Hopkins University and $1.5 million to Kevin Manning at Stevenson University, both in Baltimore. Their pay reflects not just salary and benefits but also multiple years of deferred compensation, much of it retirement pay.
Manning earned 16 times the pay and benefits of the average full professor at Stevenson, a private liberal arts school with a career-preparatory focus.
Kevin Byrnes, chairman of the board of trustees at Stevenson, wrote a note to fellow board members preparing them for the survey and publicity.
“I am confident that President Manning’s compensation is fair, warranted and reflects his exemplary record of accomplishment and service to the University,” he wrote in the Nov. 21 memo.