State College, PA - Centre County - Central Pennsylvania - Home of Penn State University

Spanier Third-Highest Paid Public University President in 2011

by on May 22, 2012 9:15 AM

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.

Related coverage:



Nate Mink covers Penn State football and news for StateCollege.com. He's on Twitter as @MinkNate.
Next Article
State College Borough Council: 2011 Budget, 2012 First Quarter 'On Target'
May 22, 2012 7:15 AM
by Nate Mink
State College Borough Council: 2011 Budget, 2012 First Quarter 'On Target'
Related Articles
Comments
Disclaimer: Copyright © 2014 StateCollege.com. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

order food online