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President Martha Pollack is Cornell’s accomplished officer, arch the multi-campus university and administering billions in operations from her Day Hall office. But while she takes in hundreds of bags in bacon for this gig, tax abstracts appearance that her first-year payout was far beneath than any added admiral in the Ivy League.
Pollack fabricated a abject bacon of alone $671,693 in her aboriginal year, with an added $16,000 in allowances and “other” compensation, according to Cornell’s tax filings for 2017-2018. This amount alone reflects her pay from April through December. While the tax filings awning her aboriginal year working, advantage letters appear from full-year W-2 forms, according to Cornell University agent John Carberry.
Her abridged first-year Ivy League bacon didn’t bright the top 100 absolute take-ins for American clandestine university executives, and according to tax abstracts aggregate by the Chronicle of College Education, the presidents of all seven Ivy League universities acceptable took in added banknote during the 2017-2018 bookish year than Pollack.
Across the Ivies
Some added Ivy League leaders accept reigned over their brick-and-mortars for decades, others for alone a few years, but all — save the admiral of Princeton University — took in at atomic a actor dollars from their institutions during the 2017-2018 year.
Salaries ambit in the millions, and presidential bales can appear with advantageous retirement plans, adulatory mansions for their administration and tens of bags added in benefits.
The University of Pennsylvania set abreast $686,500 in 2017-2018 aloof for its admiral Amy Gutmann’s retirement plan — Gutmann’s absolute paycheck, the accomplished in the Ivy League, was aloof shy of $3 million. Gutmann has been in appointment back 2004.
Princeton arch Christoper Eisgruber, again in his fifth year in office, fabricated $970,900 — still about $300,000 added than Pollack.
Eisgruber started at Princeton in 2013 with a bacon of about $730,000 amid abject pay and benefits. Harvard recruited a new president, Lawrence Bacow, the year afterwards Pollack in 2018; Bacow’s bacon has not yet been fabricated public.
Many celebrated schools carapace out millionaire salaries for their top dogs, and while paydays generally skew college for clandestine universities than for accessible ones, there’s no hard-and-fast rule.
When Pollack came to Cornell from her column as provost and controlling carnality admiral of bookish diplomacy at the University of Michigan, she took a pay accession of about $175,000. However, she currently makes beneath than Mark Schlissel, admiral of the Big 10 school, both now and in his aboriginal year in appointment in 2014.
The 2017-2018 amount alone letters Admiral Pollack’s own aboriginal year at her Day Hall lath — Cornell’s presidential salaries accept commonly added over time. Antecedent annal appearance that while abject pay may access by a few tens of bags anniversary year, the absolute payday comes from benefit and added pay, which can net leaders hundreds of bags aloft that abject figure.
Above Cayuga’s Waters
Between his aboriginal year in 2004 and 2015, Cornell Admiral David Skorton’s abject pay added by over a division of a actor dollars, alike afore abacus on six-figure retirement payouts and benefits. Skorton larboard appointment in 2015 afterwards ten years of service, applique a abject pay of over $872,000 additional bonuses and added assets accretion able-bodied over seven-hundred grand.
His successor, the backward Admiral Elizabeth Garrett, was alone admiral from July 2015 through Feb. 18 of the abutting year, alone a few weeks afore her March 6 afterlife from cancer. The University paid its aboriginal changeable admiral beneath than Skorton’s 2004 starting bacon for that breadth of time, both in abject pay and in absolute including allowances and deferred retirement.
In the year that above Admiral Hunter Rawlings stepped in as “interim president” afterward Garrett’s death, he fabricated decidedly added than Pollack in her aboriginal year in the top office, with absolute advantage amounting to over $1.6 million. Alike during Pollack’s aboriginal year in office, Rawlings connected to booty in big paydays of deferred income, applique addition $1.5 million.
University agent John Carberry acicular out that 2017-2018 was a alteration year, accounting for the ample abstracts paid to Rawlings and Pollack’s own abridged salary.
Other University administrators additionally took in aerial sums — Provost Michael Kotlikoff made a bacon commensurable to Pollack’s April-December earnings.
Pollack’s annual salary, including abject pay, bonuses and benefits, is set by Cornell’s Lath of Trustees, a 50-plus-member aggregate that meets in New York City.
Cornell isn’t the alone antecedent of assets for Pollack, who has a abounding accomplishments in bogus intelligence — she sits on the lath of technology titan IBM. Information on Pollack’s balance from this position are not yet public.
Also a agency as Pollack balances her checkbook: Cornell owns and maintains a 9,000-square-foot mansion, accepted as Robin Hill or Thorn Hill, as an official abode for its sitting admiral and their ancestors while they alive in Ithaca.
Salary abstracts for Pollack’s additional year in appointment will be filed with the University’s taxes afterwards the bookish budgetary year ends in July.
Correction: A antecedent adaptation of this commodity afield declared that the amount for Admiral Martha’s Pollack’s bacon covered her absolute aboriginal year in office. In fact, the filing action letters alone her bacon through the end of 2017. All instances of this actuality or its derivatives accept been adapted for clarity. The Sun abjure this error.
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