Highest Paid Prexy

[HallX2]

Among the NJ private school Presidents. And then like that out in an internecine battle on the Board. We didn’t t go cheap on comp last time. But we’re facing our 5th president(including acting) in 6 years. Not good.

See the top-paid private college presidents in N.J. — including one who made nearly $1.3M

Two were paid more than $1 million in 2020, the year for which data was compiled.

www.nj.com

 

[shu09]

But Seton Hall has no money....

 

[walshtrips]

It's interesting that Nyre's base comp ranked 3rd among NJ private universities, and his total comp is ranked 1st. Nyre had to hit multiple targets to get his total comp up to number one.

When your incentive pay is nearly half your income, you must be doing a great job.

The compensation isn't outrageous considering there are only 363 D-1 university presidents in the US. The President is the most important position for a university. How many salespeople, lawyers, doctors, CEO's and others earn $1MM+? Many more than university presidents.

Sha is earning double what Nyre was. It's all relative.

 

[HALL85]

To get someone the quality of Nyre, you have to pay so his salary package doesn’t surprise me at all. What is concerning is that we couldn’t keep him.

 

[Seton75]

Sometimes incentive clauses are proof of a smart contract negotiation too. Hate the circumstances that lead to nyre leaving

 

[SHURich]

Sometimes incentive clauses are proof of a smart contract negotiation too. Hate the circumstances that lead to nyre leaving

Nyre’s getting paid a year’s sabbatical. Way to go SHU.

 

[HALL85]

Nyre’s getting paid a year’s sabbatical. Way to go SHU.

Which is a heck of a parting gift!

 

[lloyde dobler]

Nyre’s getting paid a year’s sabbatical. Way to go SHU.

What if that is an industry standard?

 

[SHURich]

What if that is an industry standard?

industry standard? He now owns a multi million $ house in Summit thanks to SHU. What industry are you talking about?

 

[lloyde dobler]

industry standard? He now owns a multi million $ house in Summit thanks to SHU. What industry are you talking about?

Lay Catholic college President standard. What else?

Market forces at work.

 

[TheHall87]

industry standard? He now owns a multi million $ house in Summit thanks to SHU. What industry are you talking about?

The man has been a university President for more than a decade now and has been an accomplished administrator for much longer than that.

He was making north of $700,000 at Iona do it's not like he accumulated all of his wealth at SHU. Shockingly he was making more than the basketball coach at that time.

We also forget he and his family made a gift of $500,000 to the University not that long ago.

 

[SHURich]

The larger question is why did he resign? Was it over the Law School theft? Did he disagree with the BOR? I would like some transparency. What was the disagreement?

Lay Catholic college President standard. What else?

Market forces

The man has been a university President for more than a decade now and has been an accomplished administrator for much longer than that.

He was making north of $700,000 at Iona do it's not like he accumulated all of his wealth at SHU. Shockingly he was making more than the basketball coach at that time.

We also forget he and his family made a gift of $500,000 to the University not that long ago.

So why did he resign?

 

[HALL85]

Lay Catholic college President standard. What else?

Market forces at work.

The sabbatical may be standard, but it’s assuming you are coming back after taking the time off?

 

[SHURich]

The sabbatical may be standard, but it’s assuming you are coming back after taking the time off?

I think it’s a severance payment disguised as a sabbatical payment. I believe the disagreement with the BOR is related to the purported Law School defalcation. But it’s like pulling teeth to get more info. So much for transparency.

 

[BostonBlackie]

The sabbatical may be standard, but it’s assuming you are coming back after taking the time off?

Not if it's a contractual agreement.

 

[HALL85]

Not if it's a contractual agreement.

That wouldn’t make sense.

The reality was there was a disagreement and the “sabbatical” made the public statement look better. From my view Nyre had done the best job compared to the predecessors since I graduated.

Like I said before, more disturbing that he couldn’t be retained.