The leaders of two schools in Atlanta are among the nation’s highest-paid college presidents, according to a report released Monday.
The Chronicle of Higher Education’s annual report on college presidential salaries found Savannah College of Art and Design President Paula S. Wallace was ranked as the eighth highest-paid private college president in the nation and first among all college presidents in Georgia. Her total compensation for 2016, the most recent year available for private colleges and universities, was $2,043,120. The Chronicle reported Wallace received a bonus of nearly $900,000.
G.P. “Bud” Peterson, who is retiring in September after ten years of leading Georgia Tech, was the eighth highest-paid president last year of any public college or university in the nation. His total compensation, which includes deferred compensation, was $1,135,710, according to the University System of Georgia. The Chronicle listed Peterson’s compensation slightly higher, at $1,240,232, reporting higher totals for other parts of his salary package.
Ángel Cabrera will replace Peterson, effective Sept. 1.
Nationally, 78 leaders had annual total compensation packages greater than $1 million, the Chronicle found.
Then Baylor University President Kenneth Starr was first among private college presidents, with a total compensation package of nearly $5 million.
Former University of Texas system Chancellor William McRaven had the highest compensation package of any public college president, at nearly $2.6 million, the Chronicle reported.
Support real journalism. Support local journalism. Subscribe to The Atlanta Journal-Constitution today. See offers.
Your subscription to the Atlanta Journal-Constitution funds in-depth reporting and investigations that keep you informed. Thank you for supporting real journalism.