November 18, 2005

College Presidents Break Into the Million-Dollar Club

By AUDREY WILLIAMS JUNE

Boards say the high pay is justified

Sticking around even when times were tough paid off in a huge way for the president of Lynn University.

Donald E. Ross, who for 34 years has led the college in Boca Raton, Fla., that he brought back from bankruptcy, was the highest-paid college president in the 2003-4 fiscal year, with a whopping $5.04-million compensation package. He earned a salary of $477,017, and his benefits include $4.5-million in deferred compensation accrued during

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