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Highest paid saw raises at college



Valley News Staff Writer
Sunday, May 19, 2019

HANOVER — Dartmouth College President Phil Hanlon earned more than $1.4 million in total compensation in 2017, a 6% increase from the previous year, according to recently released tax returns for the college.

The package for Hanlon, who has served as Dartmouth president since 2013, consisted of a base salary of $1 million, $178,000 in “retirement and other deferred compensation,” and also included first-class or charter travel, travel expenses for his wife as a companion, and housekeeping services, according to the tax return for the fiscal year that ended in June 2018, but which also includes compensation for top college officials in calendar 2017.

By comparison, Christina Paxson, the president of Brown University, made $1.5 million in 2017, and Princeton University President Christopher Eisgruber received $992,000 in total compensation. At Harvard University, then-President Drew Faust made $1.7 million.

Dartmouth, which is the smallest school in the Ivy League, provided housing both for Hanlon and for Carolyn Dever, the provost who stepped down at the end of November 2017. Dever was paid around $804,000 that year.

Former Dartmouth Chief Investment Officer Pamela Peedin, who stepped down in March 2017, was the second-highest paid employee at $922,000. In 2016, her compensation totaled $1.3 million.

Members of the investment office, who manage Dartmouth’s $5.5 billion endowment, saw the biggest increases in the year, ranging from 10% to 16%. One exception was Deputy Chief Investment Officer Kelsey Morgan, whose compensation increased 31% from around $692,000 to $908,000.

At Princeton, the director of the investment office took in $5.5 million while the chief investment officer at Brown University made $1.2 million in compensation, though the schools have different sized endowments and endowment-to-student ratios than Dartmouth.

Asked about the increased compensation for Hanlon and other college officials, Dartmouth spokeswoman Diana Lawrence said by email, “The compensation for President Hanlon and the deputy chief investment officer is competitive with that of their peers at comparable institutions.”

Dartmouth in fiscal year 2018 cut 37 jobs, mostly staff positions, to devote more money toward faculty.

Total compensation paid to all Dartmouth employees in that period increased by 1.4 percent, according to an internal Dartmouth document obtained by the Valley News.

In 2017, 13 Dartmouth administrators and employees made more than $500,000, little change from 2016 when 14 employees earned above that threshold.

Among the other highest-compensated Dartmouth employees were three managing directors in the investment office: Anand Desai at $701,000; Megan Hammond at $816,000; and Michael Sullivan at $806,000. Others included Tuck School of Business Dean Matthew Slaughter at $870,000; Geisel School of Medicine Dean Duane Compton at $807,000; Executive Vice President Rick Mills at $709,000; and Geisel Psychiatry Department Chairman Alan Green at $705,000.

Legal expenses grew by 38%, to $2.9 million, between fiscal year 2017 and fiscal year 2018, but Dartmouth officials declined to say if the $800,000 increase was related to the internal inquiry, which began in 2017, of allegations of sexual misconduct involving three professors in the Department of Psychological and Brain Sciences. The three professors have since been ousted, and Dartmouth is now defending itself in a $70 million class-action lawsuit brought by 9 female science students.

Lawrence last week indicated Dartmouth was seeking an alternative to a civil trial and was “exploring mediation” to resolve the claims. Dartmouth trustees earlier this year approved an operating budget of just under $1.1 billion for the college. Tuition, room-and-board in the fall will increase by 3.9 percent, to $73,578.

Amanda Zhou can be reached at azhou@vnews.com.