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Tilghman's pay neared $800K during 2007-08 year
Published: Thursday, October 22nd, 2009
President Tilghman’s total compensation neared $800,000 for the 2007-08 academic year, according to the University’s most recent tax filings.
Tilghman’s pay — including her $738,432 salary as well as $45,027 in benefits and deferred compensation ...
(back to the article)
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When Obama starts imposing salary caps on liberal University officials, I'll take notice.
in case you wanted to know more, my cyber stalking has revealed:
1995 NY Times:
Mr. Erickson, 29, graduated from the University of Pennsylvania. He is an associate in investment banking at CS First Boston in New York.
Daniel Feder at Sequoia Capital
Previously:
Managing Director, Private Equity at Princeton University Investment Company
Portfolio Manager, Private Equity at CalPERS
Vice President, Private Securities at CIGNA Investment Management
http://www.linkedin.com/pub/daniel-feder/4/192/827
And they're going to fire workers in the dining halls who have to work 2 jobs just to stay afloat? Something doesn't seem right.
I HATE INVESTMENT BANKERS
ALL OF YOU
wait, didn't the endowment lose a ton of money last year? I don't see how $1-2MM annually is ordained from on high for PRINCO execs.
The CEO of the Red Cross earns over $600,000 per year.
PRINCO can do whatever they want with it. They can piss on it, burn it, pay themselves $783k with it, whatever they feel like. If you don't think that's fair, start your own hedge fund.
^ well, PRINCO isn't really a hedge fund. You could call it a fund-of-funds. As described in the Robertson lawsuit, the ownership/operating structure is a bit unclear, but I would assume it's 100% "owned" by the university and in fact, PRICO employees are employees of the university, which as you know for tax reasons, is an IRS 115 and 501(c)(3) organization.
"Princeton University Investment Company (PRINCO) is a part of Princeton University. It is responsible for the management of the University’s endowment."
"And they're going to fire workers in the dining halls who have to work 2 jobs just to stay afloat? Something doesn't seem right."
Princeton/PRINCO is not a charity. Although making it look like that at times can be good PR ($$$).
IRC 115 probably doesn't apply to Princeton, or at least not the university as a whole.