The compensation for top administrators at the wealthiest private colleges and universities in Massachusetts continues to rise, according to a report by the Center for Social Philanthropy at the Tellus Institute, located in Boston.
More than $157 million was paid to 339 top university officials in 2009, the latest data available, the report states. Twenty employees received more than $1 million, with the highest package exceeding $6 million at Harvard University. According to a press release from the center: "The financial crisis of 2008-09 appears to have done little to dampen the size of compensation packages received by the most highly paid college officials, even as colleges themselves have imposed cuts to programs and lower-level staff, often in response to sharp declines in the value of their endowments."
Officials at the Association of Independent Colleges and Universities in Massachusetts declined to comment.