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Brody named highest-paid Univ. President
Issue date: 9/27/07
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President William Brody is the highest-paid university president in the United States, according to a report published by the Chronicle of Philanthropy on Sept. 20.
Brody, who in addition to his responsibilities to Hopkins, serves on multiple corporate boards, joined IBM's board of trustees in June.
In 2006, Brody received a salary of $1.49 million and $235,260 in allowances and benefits from Hopkins, according to the report. The Chronicle of Philanthropy noted, however, that $920,438 of this money was a deferred-compensation benefit from the University. Of all the leaders of the 249 non-profit organizations surveyed for the report, Brody was the third-highest paid. These figures, however, do not include the earnings he receives from sitting on corporate boards, or the earnings he will receive this year from IBM.
"He is a businessman, administrator, physician … and has been successful at all," said Jerry Schnydman, Brody's executive assistant and secretary of the Board of Trustees. According to Schnydman, Brody has the valuable experience of running a large conglomerate. "Johns Hopkins would be a Fortune-500 company if it was for-profit," he said, adding that Brody's experience and insight is what the companies want.
"We are delighted that [Brody] will be joining the IBM board, bringing with him extensive experience as a leader of a world-renowned teaching and research institution that will be extremely beneficial to IBM," said Samuel J. Palmisano, IBM chairman, president and chief executive officer of IBM. Palmisano is a 1973 Hopkins graduate and former University trustee. Brody's responsibilities as a member of the board are to work with the other 12 members and to help set the overall policy of the company, Edward Barbini, one of IBM's Media Relations contacts, explained.
While sitting on corporate boards is not one of Brody's official duties as University president, it brings connections between Hopkins and other high-tech organizations and allows for points of contact for collaboration, according to Dennis O'Shea, executive director of the Office of Communications and Public Affairs at Hopkins.
Brody, who in addition to his responsibilities to Hopkins, serves on multiple corporate boards, joined IBM's board of trustees in June.
In 2006, Brody received a salary of $1.49 million and $235,260 in allowances and benefits from Hopkins, according to the report. The Chronicle of Philanthropy noted, however, that $920,438 of this money was a deferred-compensation benefit from the University. Of all the leaders of the 249 non-profit organizations surveyed for the report, Brody was the third-highest paid. These figures, however, do not include the earnings he receives from sitting on corporate boards, or the earnings he will receive this year from IBM.
"He is a businessman, administrator, physician … and has been successful at all," said Jerry Schnydman, Brody's executive assistant and secretary of the Board of Trustees. According to Schnydman, Brody has the valuable experience of running a large conglomerate. "Johns Hopkins would be a Fortune-500 company if it was for-profit," he said, adding that Brody's experience and insight is what the companies want.
"We are delighted that [Brody] will be joining the IBM board, bringing with him extensive experience as a leader of a world-renowned teaching and research institution that will be extremely beneficial to IBM," said Samuel J. Palmisano, IBM chairman, president and chief executive officer of IBM. Palmisano is a 1973 Hopkins graduate and former University trustee. Brody's responsibilities as a member of the board are to work with the other 12 members and to help set the overall policy of the company, Edward Barbini, one of IBM's Media Relations contacts, explained.
While sitting on corporate boards is not one of Brody's official duties as University president, it brings connections between Hopkins and other high-tech organizations and allows for points of contact for collaboration, according to Dennis O'Shea, executive director of the Office of Communications and Public Affairs at Hopkins.
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