A gilded goodbye for many private college leaders

Tim Goral's picture
Monday, November 18, 2013

When Brandeis University president Jehuda Reinharz stepped down three years ago, he moved back into his old faculty office.

But unlike most history professors, Reinharz does not teach any classes, supervise graduate students, or attend departmental meetings. He did not bother posing for the department photo. The chairwoman for Near Eastern and Judaic Studies said she did not even know whether he was officially a member of her department.

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Many other college presidents across the country are negotiating huge exit packages when they step down, which critics say is emblematic of schools’ unrestrained spending on everything from administrative salaries to elaborate new buildings that drive up the cost of higher education.

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