Monday, November 2, 2009

A REALLY interesting tidbit

Those of you St. Louisian (St. Louisan? Let's make it simple: Those of you Hoosiers!) might find it really interesting that in today's WSJ article, More College Presidents Get Million-Plus, that our own Webster University's president,Richard S. Meyers makes 1.43 million dollars!  Wow - the dude makes MORE money than the president of Vanderbilt University which in my humble opinioin is a 100-times more kosher and cooler than Webster University!  Quick research (NOT scientific statistical analysis -don't have time - do your own research at your own risk) shows that Harvard paid about $600K a year.  Yale paid about $900K. Princeton paid $600K.  These are in 2006 numbers.  So let's say we did a little upward adjustments - they still would not beat Webster's Meyers salary.  Let me restate again why this is fascinating: a little known university in Missouri not known for anything pays their president nearly twice as much as the presidents in Ivy League.  Now some of you may protest saying that those Ivy League presidents are probably getting nicer contacts, book signings, nice rent-free homes, prestige and so forth.  But still...Richard Meyers kid in kindergarten could still say to his classmate whose daddy is the president of Harvard: "My Daddy makes more money than yours!" It is all about perception rather than reality...sadly so.

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