This is nuts. When did university presidents start making this kind of bank?
Boston.com reports:
Northeastern University president’s compensation exceeds $3 million, records showThe highest-paid college president in Massachusetts now has a reported compensation exceeding $3 million, records show.Joseph Aoun, president of Northeastern University, has long been one of the highest-paid college leaders statewide, but new data showed his income crossing an unprecedented threshold. Aoun, who stepped into the role of president in 2006, reported a total compensation of $3,045,428 for Fiscal Year 2025, according to the Boston Business Journal.In recent years, Aoun’s pay has skyrocketed. From FY21 to FY22, his total compensation made a sharp 113 percent increase from $1.27 million to $2.7 million, according to The Huntington News, Northeastern’s independent student newspaper.This compensation boost was primarily due to Aoun collecting roughly $700,000 in previously deferred compensation and $550,000 in bonus and incentive pay. A deferred compensation package was responsible for Aoun’s similarly high compensation of $3,027,684 in FY2012, The Huntington News reported.Aoun’s earnings exceed that of Sally Kornbluth, the next highest-paid college president, by nearly $1 million. Kornbluth, president of the Massachusetts Institute of Technology, reported a total compensation of $2,151,788 for FY25, the Boston Business Journal reported.
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