Higher Educations Aristocrats. This time from U Chicago. New analysis of tax data from publicly available IRS 990 forms shows that eight high-level UChicago administrators have received more than $7.6 million in compensation increases since 2007-2008, even as the school moved toward and suffered a credit downgrade. Over five years, administrators enjoyed pay increases of between 40 percent and 135 percent, and as a result each received $450,000 to $3.3 million from cumulative increases by the end of 2012-2013, the most recent year for which tax data is available. UChicago thus ended up paying $2.5 million more annually for the combined services of these eight people — an increase from $3.4 to almost $6 million per year. These administrators include President Robert Zimmer, former Provost Thomas Rosenbaum (now president of the California Institute of Technology), and executive vice president David Fithian, a former Harvard dean. Previously, all three received scrutiny because they did not help identify administrators responsible for an apparently deceptive UChicago statement about increases to Zimmer, the country’s highest paid private university president.
Posted on: Mon, 29 Sep 2014 18:37:38 +0000
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