Modern Age - Summer 2017 - 121

Somewhere Between a Jeremiad and a Eulogy

below the likes of the presidents at the University of Pennsylvania,
Columbia University, Northwestern University, and the University
of Chicago, and just above the presidents of Cornell University,
the University of Miami, and the University of Southern California.
Four SLAC presidents made more than $1,000,000 for that 2014
year (don't tell me about golden parachutes as some mitigating
consideration). Seven made between $700,000 and $800,000; fifteen made between $600,000 and $700,000; twenty-seven made
between $500,000 and $600,000; and forty-nine made between
$400,000 and $500,000. Reaching those stratospheric salaries are
not just the presidents of well-to-do and well-known Amherst,
Williams, Swarthmore, Pomona, and Vassar, but also such small
and obscure places as Wabash, St. Benedict's, and Eckerd.
Of the SLAC presidents making more than $400,000 in 2014,
65 percent are not SLAC alums, and 82 percent never taught in a
SLAC. A majority-59 percent-never set foot on a SLAC campus,
either as a student or as a professor, before heading one up. (Only
12 percent knew the inside of a SLAC classroom as both a student
and as a professor.) What's more, get this: the less previous experience you have had in a SLAC, the more likely you are to pull down
a big salary as a SLAC president. Of the top ten best-paid SLAC
presidents, nine had absolutely no prior experience in a SLAC,
either as a student or professor, before being named president of
one. None of the ten best-paid SLAC presidents had been a SLAC
professor in his/her previous curriculum vitae. (One of the top
ten had been an undergraduate at a SLAC; that's the sum total of
the collective liberal arts experience.) Of the top thirty best-paid
SLAC presidents, twenty-one (= 70 percent) had absolutely no
connection to a SLAC before heading one up as president. Also,
the vast majority of these woefully inexperienced but well-paid
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Modern Age - Summer 2017

Table of Contents for the Digital Edition of Modern Age - Summer 2017

Contents
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