Tellus Institute exposes excessive salaries at most endowed Massachusetts universities
A report released September 28th by the Center for Social Philanthropy at the Tellus Institute, exposes the fact that executive salaries at the 20 most well endowed Massachusetts universities have risen at the same time that college tuition has become increasingly unaffordable for working families. These colleges paid more than $157 million to just 339 officers, directors, and “key employees.”
Many Local 615 members work as security officers, custodians and tradesmen on these campuses. Wayne Langley, director of the higher education division at the local said “we co-commissioned this report to find out what administrators earn so that our members do not have to shoulder the blame for high tuition.”
“The view from Massachusetts is only the tip of the iceberg in excessive college pay in our country,” said Joshua Humphreys, director of the Center for Social Philanthropy, a co-author of the report. “While college leaders and their lobbyists complain about the burdens of added disclosure, the fact is that there remain numerous loopholes in reporting requirements that make it difficult for the public to understand just how deeply entrenched excessive compensation has become on college campuses. We need a new social contract for higher education in this country in which transparency becomes a benefit, not a burden.”
[Hyperlink here to report: http://www.tellus.org/publications/files/issue-brief-exec-comp-201109.pdf]