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The Daily OrangeThe Chancellor's paycheck
Nancy Cantor's salary is on par with other private university presidents but above those of public institutions
By Melanie Zilora
Posted: 3/2/08, 11:31 PM EST Section: News
She's in charge of it all. But with a salary of $540,000 a year, Chancellor Nancy Cantor is paid about average.
Presidential salaries are increasing around the country, and Syracuse falls in line with the national trend. The median compensation for a private university president hovers around $530,000, a package of salary, insurance, bonuses and benefits that may include travel benefits, retirement savings and housing.
Cantor did not wish to state her exact salary, but she referred The Daily Orange to the university's 990 tax forms. These state Chancellor Nancy Cantor's 2006-7 income was just more than the median of $540,000.
Cantor is the third-highest paid employee at SU. Basketball and football coaches Jim Boeheim and Greg Robinson are both paid more than $1 million, typical for a Division I athletics institution like SU.
For university leadership, Cantor's salary is on par with those of other private university presidents. Her salary excludes residence on Comstock Avenue, the use of a car and driver, an expense account of more than $50,000 and the university's contribution to her employee benefit plan, according to The Post Standard. But public university presidents' salaries lag behind.
Benefits and high salaries are typical for presidents of private institutions, but they are not as common among for presidents of public and community colleges.
Whitman School of Management Professor Patrick Cihon is the president of Syracuse's chapter of the American Association of University Professors. Cihon said politics provide a big incentive for such transitions.
"Public is harder because you have to answer to the legislature and to taxpayers," Cihon said. "(At private universities) you don't have to account so much."
Cantor agreed that the regulations for private and public schools are different, but she wouldn't call one "easier" than the other.
"In this kind of an institution or in one like Michigan, you are both engaged with industry and government and different alumni constituencies as well as grant-getting enterprises; these are complex institutions," she said. "And that doesn't mean it isn't a tremendously hard job at other institutions. They're just different."
Presidential salaries are increasing around the country, and Syracuse falls in line with the national trend. The median compensation for a private university president hovers around $530,000, a package of salary, insurance, bonuses and benefits that may include travel benefits, retirement savings and housing.
Cantor did not wish to state her exact salary, but she referred The Daily Orange to the university's 990 tax forms. These state Chancellor Nancy Cantor's 2006-7 income was just more than the median of $540,000.
Cantor is the third-highest paid employee at SU. Basketball and football coaches Jim Boeheim and Greg Robinson are both paid more than $1 million, typical for a Division I athletics institution like SU.
For university leadership, Cantor's salary is on par with those of other private university presidents. Her salary excludes residence on Comstock Avenue, the use of a car and driver, an expense account of more than $50,000 and the university's contribution to her employee benefit plan, according to The Post Standard. But public university presidents' salaries lag behind.
Benefits and high salaries are typical for presidents of private institutions, but they are not as common among for presidents of public and community colleges.
Whitman School of Management Professor Patrick Cihon is the president of Syracuse's chapter of the American Association of University Professors. Cihon said politics provide a big incentive for such transitions.
"Public is harder because you have to answer to the legislature and to taxpayers," Cihon said. "(At private universities) you don't have to account so much."
Cantor agreed that the regulations for private and public schools are different, but she wouldn't call one "easier" than the other.
"In this kind of an institution or in one like Michigan, you are both engaged with industry and government and different alumni constituencies as well as grant-getting enterprises; these are complex institutions," she said. "And that doesn't mean it isn't a tremendously hard job at other institutions. They're just different."
Viewing Comments 1 - 1 of 1
Angelo Roefaro
posted 3/06/08 @ 1:02 PM EST
Clearly, aside from Ryan Kelley, the student body does not understand the Chancellor's role. However, we can't blame them for this. Students are spending their time studying, working, and doing all the things that encompass the rigors of a four year education. (Continued…)
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