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It is being reported by various outlets (Boston Globe and Providence Journal) that the two highest paid college presidents in the USA were at schools located in the state of RI. The surprise is that neither worked at Brown, the most prestigious and highest endowment school in the state. The Chronicle of Higher Education ranked the compensation packages of more than 600 private colleges and 250 public ones, using 2017 data. Ron Machtley, President of Bryant University, had a total 2017 compensation package of $6.2 million which made him the top paid person employed by higher education in the US. He was followed by John J. Bowen, former president of Johnson & Wales University, who earned the second-highest compensation package, at $5.3 million.
I in no way mean to criticize the performance of Ron Machtley as he seems to have done a good job at Bryant. The school has grown and increased its stature under his stewardship. I however find his salary to be outrageous and insulting to the students attending the school who are struggling to pay its high tuition costs. The same can be said for the students at JWU.
As a point of comparison, the largest enrollment school in the state (URI) paid President David Dooley a total compensation package of $426,333 in 2018. I would guess this was quite a bargain for the public state school.
It is being reported by various outlets (Boston Globe and Providence Journal) that the two highest paid college presidents in the USA were at schools located in the state of RI. The surprise is that neither worked at Brown, the most prestigious and highest endowment school in the state. The Chronicle of Higher Education ranked the compensation packages of more than 600 private colleges and 250 public ones, using 2017 data. Ron Machtley, President of Bryant University, had a total 2017 compensation package of $6.2 million which made him the top paid person employed by higher education in the US. He was followed by John J. Bowen, former president of Johnson & Wales University, who earned the second-highest compensation package, at $5.3 million.
I in no way mean to criticize the performance of Ron Machtley as he seems to have done a good job at Bryant. The school has grown and increased its stature under his stewardship. I however find his salary to be outrageous and insulting to the students attending the school who are struggling to pay its high tuition costs. The same can be said for the students at JWU.
As a point of comparison, the largest enrollment school in the state (URI) paid President David Dooley a total compensation package of $426,333 in 2018. I would guess this was quite a bargain for the public state school.
these are private schools and they can pay their administrators whatever they want. If a student is having a problem paying their tuition then they can transfer or they do not have to CHOOSE these schools. Free choice is sometimes a *****, so why complain. They can always go to a public school. Oh yeah, they wouldn't get the same education or would they? Remember these are for profit schools.
these are private schools and they can pay their administrators whatever they want. If a student is having a problem paying their tuition then they can transfer or they do not have to CHOOSE these schools. Free choice is sometimes a *****, so why complain. They can always go to a public school. Oh yeah, they wouldn't get the same education or would they? Remember these are for profit schools.
They'd get a better education at the state schools (URI and RIC) than they would at Bryant or JWU (non-culinary).
these are private schools and they can pay their administrators whatever they want. If a student is having a problem paying their tuition then they can transfer or they do not have to CHOOSE these schools. Free choice is sometimes a *****, so why complain. They can always go to a public school. Oh yeah, they wouldn't get the same education or would they? Remember these are for profit schools.
WHILE THEY BOTH MAY BE PRIVATE, NEITHER IS A FOR PROFIT SCHOOL.
Also keep in mind that both schools claim their not for profit status to avoid paying taxes yet seem to have plenty of money at their disposal to overpay their execs.
It is disgusting that Bryant makes students struggle to come up with some $62,000 to cover the total annual cost of attending (tuition/room/board/fees/books) so that it can pay its president some $6.2M. It doesn't matter whether Bryant is private or public. It is still outrageous.
Public, "private"...it's all heavily subsidized by the US taxpayer.
Quote:
Originally Posted by redplum33
They'd get a better education at the state schools (URI and RIC) than they would at Bryant or JWU (non-culinary).
Well Bryant isn't bad for what they do, however there are FAR too many people walking around with these business degrees. Is it worth the full $62,000/year? ABSOLUTELY NOT. This is the epitome of what's wrong with US higher education.
It gets even worse at Bryant. It has also now been revealed that Bryant University President Ronald Machtley’s wife, Kati, was paid $85,581 in 2017 for running the university’s one-day Women's Summit.
One of the lead investigators of a study on higher education compensation had this to say: “We have seen very few cases where the wife of a spouse gets a real salary,” said James Finkelstein, a professor emeritus with the Schar School of Policy and Government at George Mason University in Virginia. “In most cases, spouses are allowed to travel with the president if it is beneficial to the school. In some cases, we have seen relatively small payments when there are specific things that are defined that they need to do.
Bryant is the no. 3 ranked business school in the country. College presidents are primarily fundraisers, so his salary would have to compared to the corporate world. I'm sure Bryant knows what it is doing.
Bryant is the no. 3 ranked business school in the country. College presidents are primarily fundraisers, so his salary would have to compared to the corporate world. I'm sure Bryant knows what it is doing. State schools are in a different category.
Nothing against Bryant or J&W. But, it has to be an extraordinary coincidence that the two highest paying presidents' salaries are at private schools, both in tiny Rhode Island. Private salaries are usually what the market will bear, so who am I to say they're not worth it.
Location: RI, MA, VT, WI, IL, CA, IN (that one sucked), KY
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The base pay was only 670k. The rest was bonus or other of some sort. What was the other? And, was this non W2 compensation adequately reported across the board. I don't think a private business needs to report this, but perhaps they do if they are a non profit.
The compensation for the wife is a very bad look, imo.
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