Unique perks included prenegotiated seating at athletic events, even after presidents resign.

Inside Higher Ed reports.

Public university presidents seeing big gains in bonuses, other perks

When public college or university presidents are hired, their salaries always attract attention. But new research suggests the real growth in executive costs may be due to expenses and benefits, which these days go beyond the charge to live in the president’s mansion.

Presidents’ contracts have become long, complex and stuffed with extra benefits going far beyond base salary and a place to live, according to new research from James Finkelstein, a public policy professor at George Mason University who has been analyzing presidential contracts for several years. Finkelstein is scheduled to share his findings at the American Association of University Professors’ annual conference Thursday in Washington.

He is using his work to call for more transparency in presidential contracts at public universities, like posting them online. But some say that could bring about unintended consequences and argue contracts and the benefits in them are dictated by the marketplace.


 
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