Word: compensationitis
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Summers’ total $637,824 compensation included $522,714 in standard compensation, $31,384 in benefits, and a $83,726 housing subsidy.
Through a spokesman, Summers declined to comment on his compensation.
Summers’ compensation is not unusual among university presidents. Yale University President Richard C. Levin earned $695,025 in total compensation in fiscal year 2003, according to the Chronicle of Higher Education. And in the same year, Vanderbilt University Chancellor Gordon Gee raked in $887,209.
As president, Summers is required to use the University’s Elmwood Avenue mansion as his home, so it is not counted among his compensation.
Outside of administration, all five of Harvard’s highest paid employees were from Harvard Medical School. Dean Joseph B. Martin pulled in $480,946 in total compensation, including $416,318 in salary.