Last Year, Graham Spanier Was the Best-Paid Public University Prez in the Country

Penn State President Graham Spanier was fired halfway into the 2011-2012 academic year amid the Jerry Sandusky scandal. And yet, he was still the best-compensated public university executive in the country during that time.*

With compensation that totaled $2,906,721, Spanier clinched the No. 1 spot in the Chronicle of Higher Education’s Executive Compensation Survey of Public Colleges and Universities released today. He received $350,959 in base salary for the five months he served as president in the 2011-12 academic year. And Spanier received a $1.2 million severance payment and $1.2 million in deferred compensation paid out that year, as per Internal Revenue Service regulations.

The year before, sans severance pay, Spanier was still the third-highest prez in the land. Hey, life isn’t so easy for Spanier though: Out on bail, he was cruelly blocked from visiting Slovakia a few months back.

*Not that the new “transparent” Penn State wanted anyone to know

[Patriot-News]

Around the Web

Be respectful of our online community and contribute to an engaging conversation. We reserve the right to ban impersonators and remove comments that contain personal attacks, threats, or profanity, or are flat-out offensive. By posting here, you are permitting Philadelphia magazine and Metro Corp. to edit and republish your comment in all media.