PRINCETON: Tilghman is No. 2 in university president earnings in state

By Brian No, Special Writer
   Princeton University President Shirley Tilghman is the second-highest paid university president in New Jersey.
   President Tilghman, who is in her eighth year as president, was paid $742,444 in total compensation for the 2006-2007 academic year, according to the Chronicle of Higher Education in its annual list of executive compensation. The figure consists of base pay and benefits and excludes her $84,239 expense account. President Tilghman’s total salary represented a 14-percent raise from the previous year when she was paid $652,060.
   The highest paid university president in New Jersey is Harold J. Raveche, who heads Stevens Institute of Technology in Hoboken. He beat out President Tilghman, clocking in at $792,895 in total compensation, excluding his $101,356 expense account. Mr. Raveche’s compensation represents a decrease from the $858,499 he received for the 2003-2004 year.
   Mordechai Rozanski, president of Rider University in Lawrence, was compensated $531,778 in total for the 2006-007 year, which was a 6-percent increase from his pay the year before. His expense account totaled $45,370.
   Richard L. McCormick, president of New Brunswick-based Rutgers University system, was paid $666,999 in the 2007-2008 academic year, which was the same amount he was paid the year before.
   But all of these salaries are small change compared to what the nation’s highest paid university president gets. David J. Sargent, president of Suffolk University in Boston was paid $2,800,461 in the 2006-2007 year.
   Princeton’s President Tilghman was the fifth-highest paid president in the Ivy League. Columbia University’s Lee Bollinger was the highest paid Ivy League president with $1,411,894 in total compensation. Harvard’s then-interim president Derek Bok was the lowest paid Ivy League president that year — at his request, he received no compensation.