“He knows how to raise money.” That seems to be the primary criterion for college presidents. They make a lot of money while they are performing their presidential duties and they continue to make a lot of money when they retire. Here are some examples of Massachusetts colleges.
Brandeis - they pay the ex-president $600,000 a year.
Tufts - gave $1,700,00 to the retiring president as “end of service compensation.”
Harvard - paid president his presidential salary of $580,000 for several years after he stepped down in 2006.
Wellesley College - had two former presidents on its payroll in the last six years, including one who received $430,000 a year for two years after she retired and her duties ended.
University of Massachusetts - paid the ex-president $425,000 during a yearlong sabbatical after stepping down to become a professor at University of Massachusetts Lowell, where he now earns $269,180.
Suffolk - paid severance of $854,085.
Amherst - paid ex-president $1,400,000, mostly for deferred compensation he accrued during his eight-year presidency and a sabbatical he never took.
Northeastern - pays an annual pension of $209,690, plus $30,000 to teach a history class.
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