NEIT, JWU, Bryant, Brown lead private college pay in region

THE CHRONICLE OF Higher Education said New England Institute of Technology President Richard I. Gouse ranked highest among private college chiefs in the region for his 2014 pay of $752,701.
THE CHRONICLE OF Higher Education said New England Institute of Technology President Richard I. Gouse ranked highest among private college chiefs in the region for his 2014 pay of $752,701.

PROVIDENCE – New England Institute of Technology President Richard I. Gouse ranked highest among private college chiefs in the region for his 2014 pay of $752,701.
Gouse ranked 70th out of 510 private college chiefs in the country, according to data recently released by the Chronicle of Higher Education. Adding another $105,767 in deferred compensation, which may also include retirement and is not included in the total compensation figure, boosts his pay to more than $850,000.
In 2013, Gouse made $712,437 and $98,798 in deferred compensation.

Johnson & Wales University President John J. Bowen was next at $749,403, giving him a rank of 72nd.
However, after adding another $499,005 in deferred compensation, his total pay grows to approximately $1.2 million, making him the highest paid private college chief in the region. In 2013, he made $730,059 in salary and $774,069 in deferred compensation.
Right behind him on the list at No. 73 was Bryant University President Ronald K. Machtley, making $747,331 in pay. Deferred compensation amounted to an additional $29,400 for Machtley, the Chronicle said. In 2013, Machtley made $795,570 and $28,800 in deferred compensation.
Coming in 76th was Brown University President Christina H. Paxson at $739,681. Deferred compensation amounted to $220,800 for Paxson. In 2013, she made the same amount, but $400 less in deferred compensation.

Other total compensation amounts for private college chiefs in Rhode Island and Bristol County, Mass. are as follows:

  • Roger Williams University, Donald J. Farish, total compensation, $458,339; deferred compensation, $70,800, ranking 197th (2013 salary: $563,594, deferred compensation, $45,400)
  • Providence College, Rev. Brian J. Shanley, total compensation, $56,126, ranking 484th (2013 salary: $57,343)
  • Salve Regina University, Sister Jane Gerety, total compensation, $78,906, ranking 478th (2013 salary: $39,775, deferred compensation of $195,208)
  • Stonehill College, Rev. John Denning, $30,434, ranking 486th. (2013 salary: $111,297).

Information for 2014 was unavailable for Wheaton College in Norton, Mass. Dennis M. Hanno became president of Wheaton that year. The previous president, Ronald A. Crutcher, had total compensation of $423,934 and deferred compensation of $47,170, in 2013.
Information also was unavailable for Rhode Island School of Design, as its endowment was not among the 500 largest as reported by the U.S. Department of Education.

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Jack P. Varsalona, president of Wilmington University in Delaware, led private-college pay for presidents at $5.4 million in 2014. A total of 39 leaders of private colleges earned more than $1 million during the 2014 calendar year.

The number of leaders with compensation greater than $1 million increased from 32 the year before, according to the Chronicle.
Data was compiled using the latest available tax filings, as well as information from university websites.

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