College Presidents Earning More Than $1 Million Dollars
Even as the numbers of students declines in colleges (mainly due to a large number of foreign students no longer coming to the US) the pay packages for many of these institution’s presidents are escalating. In many cases, running one of these institutions of higher learning can end up being more lucrative than running a Fortune 500 company. Just 8 years ago, there were no US college presidents earning 7 figures and now there are 23 that are bringing home the bacon millionaire style. Maybe future episodes of “MTV’s Cribs” will feature some of the homes of a few of these top earning college administrators:
R. Gerald Turner, Southern Methodist University President Total compensation: $2,774,000
Nicholas S. Zeppos, Vanderbilt University Chancellor Total compensation: $2,407,588
John L. Lahey, Quinnipiac University President John L. Lahey, Quinnipiac University President
Lee C. Bollinger, Columbia University President Total compensation: $1,753,984
Shirley Ann Jackson, Rensselaer Polytechnic Institute President Total compensation: $1,655,630
Steadman Upham, University of Tulsa President Total compensation: $1,622,229
Richard C. Levin, Yale University President Total compensation: $1,530,008
Nancy Cantor, Chancellor and President of Syracuse University Total compensation: $1,386,464
Amy Gutmann, University of Pennsylvania President Total compensation: $1,367,004
John Sexton, New York University President Total compensation: $1,366,878
James L. Doti, Chapman University President Total compensation: $1,254,991
Richard M. Joel, Yeshiva University President Total compensation: $1,211,429
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In: Business Stories · Tagged with: 1 Million Dollars, Amy Gutmann, Bringing Home The Bacon, Chapman University, College Presidents, Columbia University President, Fortune 500 Company, Institutions Of Higher Learning, James L Doti, John Sexton, Lee C Bollinger, Nancy Cantor, New York University, Quinnipiac University, Rensselaer Polytechnic Institute, Richard C Levin, Shirley Ann Jackson, Southern Methodist University, University Chancellor, Vanderbilt University, Yeshiva University
Paycheck Fairness Act
The aim of the Paycheck Fairness Act is to eliminate the gender pay gap that exists between men and women in many companies and organizations today. On average, women earn only 77 cents for every dollar their male counterparts earn. The bill has already received approval by the House and is awaiting passage pending approval by the Senate.
The proposed Paycheck Fairness Act contains certain enforcement provisions that will give it more power than the current standard which is the Equal Pay Act of 1963. Some of the new changes include the following mechanisms:
1) The employer must be able to provide evidence that gender pay differences are based on other factors than a person’s sex.
2) Prohibits employers from taking retaliatory actions against employees inquiring about their company’s wage determining guidelines or divulging their individual pay to other employees.
3) Allowing comparisons of pay among employees within similarly defined geographical areas.
4) Increased penalties for companies found to be engaging in unequal pay.
5) Instructing the Department of Labor to obtain wage related data from companies.
6) Creating a means for additional training of Department of Labor agents to handle cases involving wage disparity.
In addition to these changes, the new law would automatically cover all company employees on a class action basis for ongoing cases of pay discrimination. This new law may finally begin to close the pay gap that exists between men and women by allowing the Department of Labor more latitude in their ability to fully investigate suspected abuses.
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In: Business Stories · Tagged with: Additional Training, Aim, Average Women, Department Of Labor, Discrimination, Enforcement Provisions, Equal Pay Act, Equal Pay Act Of 1963, Gap, Geographical Areas, Latitude, Male Counterparts, Mechanisms, Men And Women, Paycheck Fairness Act, Retaliatory Actions, Salary Information, Senate, Wage Disparity
Black Friday Deals on Business Gadgets
Black Friday Deals are just around the corner. This year’s hot items for the business minded buyer include super cheap deals on laptops, netbooks (some as low as $79), tablet pc’s, computer printers, oversized monitors, digital cameras, gps units and hot new mobile phones such as the Windows Phone.
Click on any retailer listed below to view their Black Friday Deals ads.
Pre-Black Friday Sales
 Kmart Toy Book |
 Target Great Holiday Toy Sale |
 NewEgg Black November |
 Toys R Us Big Toy Book |
 Walmart Toy Book |
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In: Business Stories · Tagged with: Ace Hardware, Bass Pro Shops, Best Buy, Black Friday Deals, Black Friday Sales, Cvs Pharmacy, Gander Mountain, Half Price Books, Kmart, Kohl S, Lowes, Navy Exchange, Office Depot, Officemax, Old Navy, Olympia Sports, Pharmacy Express, Radioshack, Toys R Us, Toys R Us Big Toy Book
