University of Chicago Pays Big Bucks to Leadership
The school president and other officials earn millions.
The University of Chicago has a great record on free speech but it comes at a high cost.
The College Fix reports:
Multimillion-dollar earnings for University of Chicago leaders, trustees get millions in management fees
The University of Chicago has consistently shown that it promotes freedom of expression and discourages “safe spaces” for students.
And it pays its leaders handsomely to protect that image.
President Robert Zimmer received $3.23 million in total compensation, according to the private university’s newly released Form 990 for fiscal year 2016, highlighted by The Chicago Maroon.
That includes more than $1 million in base compensation, $1.63 million in bonuses and incentive pay, $368,000 in retirement and deferred compensation, and nearly $143,000 in nontaxable benefits.
Chief Investment Officer Mark Schmid was close behind with $2.95 million total: $657,000 base, $1.46 million bonus/incentive, and a whopping $758,000 retirement/deferred – more than a quarter of the total.
The last of the multimillion-dollar earners is Kenneth Polonsky, executive vice president of medical affairs. His $2.05 million payment is structured largely as base pay ($1.57 million) and bonus/incentive ($420,000).
Another eight officials earn more than $500,000: Provost Eric Isaacs ($875,000), Chief Financial Officer Rowan Miranda ($807,000), Chief Human Resource Officer Richard Iorio ($733,000), General Counsel Kimberly Taylor ($712,000), VP of Alumni Relations Kenneth Manotti ($644,000), Executive Vice President David Fithian ($605,000), VP of Enrollment James Nondorf ($588,000) and Vice President of Civic Engagement Derek Douglas ($555,000).
Donations tax deductible
to the full extent allowed by law.
The Provost is not Eric Isaacs, it is Daniel Diermeier:
Isn’t this old news? Didn’t we learn that the University of Chicago paid Michelle Obama over $300,000 a year, back in 2007 or was it 2008?