November 1, 2009
Many Colleges Spend Big to Keep Former Campus Officials on Payrolls
Gerald Herbert, Associated Press
Stephen J. Trachtenberg led George Washington U. for 19 years before stepping down in 2007. Now a professor and president emeritus, he received almost $3.7-million in the 2007-8 fiscal year.
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Gerald Herbert, Associated Press
Stephen J. Trachtenberg led George Washington U. for 19 years before stepping down in 2007. Now a professor and president emeritus, he received almost $3.7-million in the 2007-8 fiscal year.
Private-college presidents often have company at the top of the pay scale, including law-school deans, coaches, and medical-center staff. But another group of employees may also join them among the highest-paid on campus: former officials.
A Chronicle analysis found that 85 of the 419 private colleges included in this year's review of federal tax forms were paying at least one former official or key employee more than $200,000 in compensation in 2007-8. Several
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