March 9, 2007
An Update on the 2006-7 Pay of Presidents at Public Institutions
With the compensation levels of all public university presidents surveyed by The Chronicle now set, John T. Casteen III, president of the University of Virginia, has moved up to third on the list of highest-paid presidents.
Mr. Casteen's total compensation for 2006-7 is $752,772, including $200,000 in deferred compensation, $21,100 in bonus pay, a $15,000 car allowance, and a retirement contribution of $48,672.
Governing boards typically set presidents' compensation levels in
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