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David Stanley Ford

University of Tulsa president Steadman Upham third highest-paid private college leader

By The Associated Press    Comments Comment on this article4
Published: November 2, 2009

The fast-growing group of millionaire private college and university presidents hit a record in recent years, and it’s likely more college leaders will make seven-figure salaries once the slumping economy rebounds.


University of Tulsa president Steadman Upham is seen in this 2004 AP photo.

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Top paid private college leaders

Leaders in total compensation at private colleges from 2007 to 2008:


1. Shirley Ann Jackson, Rensselaer Polytechnic Institute: $1,598,247

2. David Sargent, Suffolk University: $1,496,593

3. Steadman Upham, University of Tulsa: $1,485,275

4. Cornelius M. Kerwin, American University: $1,419,339

5. Lee C. Bollinger, Columbia: $1,380,035

Source: IRS tax reports analyzed by the Chronicle of Higher Education

A record 23 presidents received more than $1 million in total compensation in fiscal 2008, according to an analysis of the most recently available data published today by the Chronicle of Higher Education. A record one in four in the study of 419 colleges’ mandatory IRS filings made at least $500,000.

Overall, median compensation for the group rose 6.5 percent to $359,000, and 15.5 percent at major private research universities, to $628,000. The figures essentially cover the 2007-2008 academic year.

Those averages likely have flattened or fallen since then, with numerous presidents taking voluntary pay cuts this year. But experts say the upward trend will almost certainly resume eventually.

The 24-7 nature of the job and the stresses stemming from the recession have made university leadership unappealing to prospective candidates.

"Some people just don’t want anything to do with the job because it keeps them up at night,” said Chronicle editor Jeffrey Selingo. "In order to attract and retain good talent they’re going to have to pay for it. They may take a little break now because of the economy, but these pieces are still in place.”

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David Stanley Ford


Related Topics: Education, Business, Higher Education, Colleges and Universities, Jobs and Labor, Employee Compensation


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Well said John.
OK SNOOP, Tulsa - Nov 2, 2009 at 5:41 pm
Give me $359,000 a year and somehow I will learn to deal with the stress of the job...

I am guessing that C, from c-town, is NOT a college president.

But guess what? This is America, and private colleges can pay whatever they want to their presidents. Obviously, the people who run the University of Tulsa feel that Steadman Upham is worth the salary he receives. I think he should be given $500,000 for having to deal with that name his parents laid on him...
John, Yukon - Nov 2, 2009 at 1:08 pm
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Ignore John
I think this info is absolutely disgusting. To think the higher up you are the more you make is so wrong when it is the lowest of them all that deserves it the most. The ones at the bottom actually doing the work, not sitting in some office taking phone calls and attending meetings all day long. Very sad that they even accept their paycheck knowing what the economy is like and who isn't getting paid what they are worth which would be the teachers themselves. These people making the big bucks should give half their check to charity.
C, c-town - Nov 2, 2009 at 6:54 am
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I dont think they will take a break because of the economy, they will take advantage which we have already seen in Oklahoma. Where is the outcry for this? At least a story has been run. Wow it seems like under Oboma the same is happening, the rich get richer and the poor get poorer. Seems to me the new boss is not much different from the old boss.

They may take a little break now because of the economy, but these pieces are still in place.”

Read more: http://newsok.com/salaries-rising-for-college-leaders/article/3413962?custom_click=pod_headline_education#ixzz0VhjAnxQY
Terry, Norman - Nov 2, 2009 at 6:25 am

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