Unremarked upon amid the upset over UVM President Dan Fogel's $411,000 compensation package is the fact that he's gotten substantially less annual pay than the heads of at least two other post-secondary schools in Vermont.
Gov. Peter Shumlin had it right when he cautioned that Fogel's take is not exceptional “because you can go to any institution of higher learning in the country and find this now.”
Well, not quite any institution of higher learning. But Shumlin's statement certainly applies to at least two Vermont institutions other than UVM: Middlebury College and Champlain College.
According to a survey for 2008-09 published last November by the Chronicle of Higher Education, both Ron Leibowitz of Middlebury and David Finney of Champlain earned more than Fogel: about $730,000 and $510,000, respectively. And depending on how Fogel's remuneration is calculated, St. Michael's College President John Neuhauser, with annual compensation of nearly $400,000, may also have earned more than the top Cat.
Fogel's total compensation for UVM's 2009-10 fiscal year was $322,563, the Chronicle reported in a survey three months ago. The total cost to UVM of employing Fogel was significantly higher: $411,599. That sum included $30,000 in accrued deferred compensation; $24,500 in contributions made on Fogel's behalf to a university retirement plan; $12,936 in car allowance; and $21,600 in housing allowance.
Fogel does pull in a lot more than Vermont State College Chancellor Timothy Donovan. His total compensation is listed by the Chronicle as $190,000 for the 2009-10 fiscal year, with the total cost of his employment to the state pegged at $212,800, which includes a $22,800 retirement contribution. Donovan also appears to get use of a car, although the Chronicle survey doesn't attach a dollar figure to that perk.
The only other Vermont higher ed chief included in available Chronicle surveys is Richard Schneider of Norwich. He made $296,017 in 2008-09, the Chronicle reported.
The $322,563 in total compensation for Fogel in '09-10 is actually below the median for college presidents, which came to $375,442 for that fiscal year, according to the Chronicle.
Fogel's package also doesn't come close to landing him on the Chronicle's list of the 10 highest-paid chief executives at public colleges in 2009-10, which bottoms out at $728,350 (total cost of employment for the head of Arizona State University at Tempe). The top 10 is led by E. Gordon Gee of Ohio State University, whose total cost of employment ka-chings in at $1,818,911.
The UVM faculty union told the university's board of trustees two days ago that it should be “ashamed and embarrassed” to be paying Fogel $27,000 a month, plus benefits, after he leaves office on July 31. But Gee's monthly haul comes to $151,575.
And even the big Buckeye's swag looks like chump change compared to the $4.8 million paid in 2008 to Bernard Lander, the founder and president of New York-based Touro College, which spans the globe with a network of 29 schools. Lander, the No. 1 earner among private college executives, died in February 2010.