Levin pay highest in Ivy League
After $90,000 raise, longest-serving Ivy president earned $869,026 salary in 2006
University President Richard Levin was the highest paid president in the Ivy League last year, according to data published Monday by the Chronicle of Higher Education.
Levin earned $869,026, including benefits, in 2006. He received a raise of about $90,000, or 11.6 percent, over his 2005 salary, which was second in the Ivy League to the payroll of then-Cornell University President Jeffrey Lehman.
Levin’s salary has increased 94.3 percent in the last decade. Since then, the average salary for a tenured professor has increased by less than half that amount — 44.4 percent. In...
it's a payroll for who you know,not what you know.Mr.Levin's pay goes hand in hand with endowments which some are change of mind investing of Bush's foreign allocations
how much is china paying him?
He is well worth it. Only thing I would change that I have seen as a Yale parent is increase financial aid. Other top schools are offering more than Yale--give more grants and just get rid of the loans and work requirements. The wonderful investment returns Mr. Swenson keeps bringing Yale year after year mean that the work and loan obligations could be eliminated with no meaningful financial impact on Yale. It would improve the lives of the Yale students involved tremendously, as they would not have to devote time to working during school and could take more advantage of the wealth of opportunities Yale offers, and also free them of a large debt burden(these loan burdens encourage going to the better paying jobs more than ones they are more naturally attracted to or that society needs). So put much enhanced financial aid ahead of expanding by two more residential colleges as a priority. Other than that, very good job from what I see Mr. Levin.
Based on performance, not just longevity, President Levin deserves at least what he is paid. He has been an outstanding president for Yale, one of its best ever. When he was appointed, faculty morale was low, professional schools were in decline, the campus was in need of repair, and his predecessor had proposed cutting some department and decimating others. President Levin has turned all that around (aided in part by the fabulous endowment growth). His superb decanal appointments have lead to the speedy return to excellence of the medical, architecture and drama schools; the campus and surrounding areas have been renewed; the faculty has been strengthened in almost all departments; Yale is once again one of the two most sought-after colleges by applicants; President Levin has appointed superb administrators throughout (including those who now head Cambridge, MIT, Duke and Wellesley); and he has lead Yale into the 21st Century with initiatives in science and globalization. There is probably no university president anywhere that has been as successful and effective as President Levin during his term at Yale.
hes worth it. yale was in variosu degrees of disrepair before levin got here. hes turned yale around, and downtown new haven in the process has improved. programs are stronger, student aids improved, yales agressively internationalizing, theres relative peace with the unions. this said, i am still uncomfortable with the comparison of his salary to that of CEOs. whether it be yale or a state college, higher education isnt the same kind of organization. different purposes.
The real issue at Yale, and many private and public schools like it, is the gap between the President's salary/benefits (I also include those inflated salaries of those who work in the investment department) and those who do the lower level labor jobs for these educational institutions. With endowments in the billions (Ivy League) and millions (many other), it simply is a disgrace that the people who work in the lower level jobs earn so little. It creates a tremendous amount of resentment in American society, that ultimately costs us even more in production.
It's class discrimination at it's worst!
Why compare the average salary for a tenured professor to the President's? Older professors (higher salary) retire and younger ones(lower paid) become tenured which limits the growth in average salary even if each tenured professor there for the entire period received raises well above Levin's.