SOUTH KINGSTOWN – Former University of Rhode Island President Robert L. Carothers’ total compensation jumped 13.67 percent to $275,428 in his final year as president of the school, according to figures released this week by The Chronicle of Higher Education.
Carothers, who retired last June, saw his salary and employer-contributed retirement pay increase by $33,109 in the year ended June 30, 2009, compared with the prior year. The state also supplied Carothers with a house and a car.
The hike in the URI chief’s 2008-09 pay was far more than the average 2.3 percent increase that the average public-college president received, according to The Chronicle.
Carothers’ compensation was comprised of $231,143 in salary and $44,285 in retirement pay, both of which were increased by about 14 percent for the year. Still, his total pay package was below the national median of $436,111.
University of Massachusetts President Jack M. Wilson also received an above-average increase in 2008-09, as his total compensation rose 15.38 percent to $546,000, for a one-year increase of $72,800. The nation’s best-paid public-college president was Ohio State University’s Gordon Gee, who received $1.58 million in total compensation.
Carothers’ successor as president, David M. Dooley, already earns more than his predecessor. His salary for the current fiscal year is roughly $316,800 after a pay cut taken because of the state’s financial troubles.
Rhode Island College President Nancy Carriuolo’s salary this year is about $198,000 after the pay cut. Community College of Rhode Island President Ray Di Pasquale is slated to receive about $265,000 because he also serves as acting commissioner of higher education.
Join PBN and two panels of successful female executives, business owners and entrepreneurs as we delve into what women should do to advance their careers, and become leaders in the corporate world and their own enterprises.
PBN's annual Book of Lists has been an essential resource for the local business community for almost 30 years. The Book of Lists features a wealth of company rankings from a variety of fields and industries, including banking, health care, real estate, law, hospitality, education, not-for-profits, technology and many more.