Presidents’ Pay Rises Faster at Public Universities Than Private Ones, Survey Finds

This from the New York Times:

David J. Sargent, the 77-year-old president of Suffolk University in Boston, received a $2.8 million pay package in 2006-7 — including a $436,000 longevity bonus and more than $1 million in deferred compensation — after the board of trustees, eager to delay his retirement, decided he had long been underpaid.

Mr. Sargent was the nation’s highest-compensated university president in the annual survey by The Chronicle of Higher Education, being released Monday.

Others also received more than $2 million. David P. Roselle, who resigned as president of the University of Delaware in June 2007, had a package of $2.4 million, including deferred compensation. ...