Spanier Third-Highest Paid Public University President in 2011
Ex-Penn State President Graham Spanier earned nearly $1.1 million in the 2011 fiscal year, the Chronicle of Higher Education reported Monday, making him the third-highest paid president of a public university.
Ohio State's E. Gordon Gee earned about $1.99 million, and Texas A&M's Michael D. McKinney made about $1.97 million, according to the annual Chronicle survey.
Spanier was fired Nov. 9 in wake of the Jerry Sandusky child sex abuse scandal for what the Board of Trustees called a lack of leadership. He recently accepted a position in Washington dealing with national security.
According to Penn State, the total compensation for Spanier was $1,106,585 in the calendar year of 2010. This total includes base compensation of $660,002 (which is a composite of six months at $620,004 and six months at $700,000 and bonus and other compensation of $446,583).
From Jan. 1, 2011, to Nov. 9, the total compensation for Spanier was $711,051 (this includes base pay of $600,274 and benefits and other compensation of $110,777), according to the university.
Penn State is withholding disclosure of Spanier's future payments, citing confidentiality.