March 4, 2005

Uneven Stevens

By SARA LIPKA

Even as a New Jersey university experienced operating deficits and endowment losses, its president received big pay raises. Some professors are asking why.

Table: Showing how top administrators' salaries at the Stevens Institute of Technology have risen sharply in the past five years, even as the value of its endowment has declined

With a hefty paycheck in hand and the Manhattan skyline gracing his office window, Harold J. Raveché thinks big.

In the next five years,

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