John,
I can only cite OSU figures to try an answer your question.
The athletic budget at Ohio State is just over 100 million dollars. The
budget for the University Hospitals, including the highly rated cancer and
heart hospitals, was 1.54BILLION. Ohio State is a research university and,
like Columbia, needs top notch medical expertise to spearhead the research
and teach to attract donations, investments, and students.
Unlike sports teams, the Hospitals cannot sell seat licenses and luxury
boxes to pay for new facilities, etc.
And winning football teams also do not generate philanthropy for hospitals,
either. In fact the goal of most all universities is to make the athletic
programs self-sufficient.
But the highly paid Doctors bring in a ton more money than the football
coach in business and charitable contributions for the real mission of a
university.
On Thu, Feb 26, 2009 at 7:09 PM, Trader Kevin <cbot_kevin@...> wrote:
>
> John Martin:
>
> >> Here's what irks me about this. I get it, but really, a clinical
> professor making 4.3 million? That's what I'm appalled at. Does he bring in
> money to the university. When I heard the reports, they start with Pete
> Carroll and then mention medical guys making just a bit less. I get Pete
> Carroll's salary. What I don't get it David Silvers' salary. If someone
> knows, please educate me before I call some sports talk station sounding
> like a boob. <<
>
> Story by Oliver Staley
> Bloomberg
> February 23, 2009
>
> Pete Carroll, the University of Southern California football coach, was the
> highest paid employee at a private college in 2006-2007, leading school
> presidents, investment officers and medical professionals.
>
> Carroll, who led the Los Angeles university to a pair of national
> championships, made $4.42 million, according to a survey by the Chronicle of
> Higher Education released today. He was followed by David Silvers, a
> dermatology professor at Columbia University in New York who made $4.33
> million; and Michael Johns, the executive vice president for health affairs
> at Emory University in Atlanta, who was paid $3.75 million.
>
> The list is dominated by professionals in fields that command high salaries
> outside colleges. Fifteen of the 35 highest paid employees were professors
> based in New York, at the medical schools of Columbia, New York University
> and Cornell University. Those physicians are paid for treating patients as
> well as for teaching and research, said Donald Heller, director of the
> Center for the Study of Higher Education at Pennsylvania State University,
> in State College.
>
> "It's just a reflection of salary scales in society," Heller said in an
> e-mail. "Many doctors in private practice make higher salaries than
> university presidents, so why should it be any different for doctors in
> medical schools?"
>
> The Chronicle of Higher Education used Internal Revenue Service filings
> from 600 private colleges to compile pay for 4,100 university employees. The
> compensation figures, which include salary and benefits, are from the most
> recent year complete data is available.
>
> Senator Charles Grassley, a Republican from Iowa who has urged colleges to
> spend more money on financial aid, said school trustees should make sure
> high salaries are justified.
>
> "Colleges get big tax breaks to achieve their missions," Grassley said in a
> statement. "Is $4 million for a single professor or football coach the best
> use of resources? Students and families struggling to pay for college would
> probably say no."
>
> Silvers runs Columbia's dermapathology lab, which analyzes 150,000 skin
> specimens a year for clinics around the New York area, according to the
> school's Web site.
>
> "David Silvers is renowned in the field and has significant
> responsibilities in directing a highly specialized lab at Columbia
> University Medical Center," the school said in a statement in response to a
> request for an interview.
>
> The highest paid university president, 15th on the list, was E. Gordon Gee,
> who at the time of the survey was chief of Vanderbilt University in
> Nashville, Tennessee, where he received $2.07 million in salary and
> benefits. He has since taken over as president of Ohio State University in
> Columbus.
>
> Lee Bollinger, president of Columbia, was the highest paid school president
> in the Ivy League, a group of eight schools in the Northeast. He was paid
> $1.41 million.
>
> The top five highest paid also include Arthur Rubenstein, the dean of the
> medical school at the University of Pennsylvania in Philadelphia, who made
> $3.36 million; and Zev Rosenwaks, a professor of reproductive medicine at
> Cornell, who made $3.15 million.
>
> Others high on the list include David Swensen, the chief investment officer
> of Yale University, in New Haven, Connecticut, who made $3.08 million; Mike
> Krzyzewski, the basketball coach of Duke University in Durham, North
> Carolina, who made $2.22 million; and Mehmet Oz, a professor of surgery at
> Columbia who appears on Oprah Winfrey's television show, who made $1.54
> million.
>
> Employees of the Harvard Management Co., which invests Harvard University's
> endowment, were not included on the Chronicle's list. The highest paid
> Harvard employee listed was Christopher Gordon, the chief operating officer
> of the Allston Development Group, which manages the school's expansion into
> the Allston neighborhood. He was paid $587,172.
>
> http://snipurl.com/cpy0d
>
>
>
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