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Bonuses, pay deals send college executives’ salaries soaring

The highest-paid college president in the nation quadrupled his pay in a single year to $4 million thanks to a hiring deal, according to a new survey of executive compensation at private universities. Nathan Hatch, president of Wake Forest University in North Carolina, earned slightly more than $1 million in 2014. He took home four times as much in 2015, the most recent year of data available, because a lucrative agreement kicked in — a $255,000 annual set-aside — that he would receive after 10 years on the job.

Article by By Nanette Asimov (c) Page One News - Read full story here.