Spring Break
Brody ninth on list of top-paid presidents
Issue date: 11/20/08
"The trustees believe that Brody's salary is a fair and reasonable one - in fact, a modest one - considering his responsibilities and excellent performance," O'Shea wrote in an e-mail.
Brody's role as president of the university includes responsibility over 10 schools, the Applied Physics Laboratory, the Johns Hopkins Hospital and the Johns Hopkins Health System.
"In my view he's underpaid," Schnydman said. "As his executive assistant, I've seen the demands [of this job] on his time - morning, noon and night."
According to O'Shea, during Brody's tenure as President, he has strengthened the University in numerous ways, which the trustees have noted when they annually assess his performance.
"Over the past 12 years, the University has consistently been among the top five or six universities nationally in fundraising," O'Shea wrote. In addition, during Brody's presidency, several Hopkins campuses have undergone construction and renovation, while the endowment has increased significantly and the University continues to win more research funding than any other university.
To date, Brody has raised upwards of $3.1 billion in the Knowledge for the World Campaign. This $3.2-billion fundraising campaign is aimed to support students, faculty, facilities and research programs that develop solutions to issues of the world, and it is scheduled to end on Dec. 31 of this year, coinciding with Brody's original retirement date, which was extended to March 1.
The Chronicle of Higher Education reported that between the 2006 and 2007 fiscal years, the median compensation of college presidents increased by 7.6 percent. This has raised concerns nationally about the burden put on students and their families in these difficult economic times, as university presidents' salaries are going up.
O'Shea explained that considering Brody's broad scope of duties, his salary is reasonable.
"[Brody] heads the largest private employer in Maryland," O'Shea wrote. "It's a highly complex organization with 45,000 employees. It's essentially a $6.6-billion corporation. Is he getting paid like the CEO of a $6.6-billion corporation? Not even close."
Freshman Richard Powers agrees that Brody's compensation is not excessive.
"Compared to other top executives in the country, I don't think he's being grossly overpaid considering the amount of money the University has," Powers said.
It is not known whether Brody's salary for the 2008 fiscal year followed this upward national trend. The salary information cannot be released until they are reported to the government in University tax papers next year.
Brody's role as president of the university includes responsibility over 10 schools, the Applied Physics Laboratory, the Johns Hopkins Hospital and the Johns Hopkins Health System.
"In my view he's underpaid," Schnydman said. "As his executive assistant, I've seen the demands [of this job] on his time - morning, noon and night."
According to O'Shea, during Brody's tenure as President, he has strengthened the University in numerous ways, which the trustees have noted when they annually assess his performance.
"Over the past 12 years, the University has consistently been among the top five or six universities nationally in fundraising," O'Shea wrote. In addition, during Brody's presidency, several Hopkins campuses have undergone construction and renovation, while the endowment has increased significantly and the University continues to win more research funding than any other university.
To date, Brody has raised upwards of $3.1 billion in the Knowledge for the World Campaign. This $3.2-billion fundraising campaign is aimed to support students, faculty, facilities and research programs that develop solutions to issues of the world, and it is scheduled to end on Dec. 31 of this year, coinciding with Brody's original retirement date, which was extended to March 1.
The Chronicle of Higher Education reported that between the 2006 and 2007 fiscal years, the median compensation of college presidents increased by 7.6 percent. This has raised concerns nationally about the burden put on students and their families in these difficult economic times, as university presidents' salaries are going up.
O'Shea explained that considering Brody's broad scope of duties, his salary is reasonable.
"[Brody] heads the largest private employer in Maryland," O'Shea wrote. "It's a highly complex organization with 45,000 employees. It's essentially a $6.6-billion corporation. Is he getting paid like the CEO of a $6.6-billion corporation? Not even close."
Freshman Richard Powers agrees that Brody's compensation is not excessive.
"Compared to other top executives in the country, I don't think he's being grossly overpaid considering the amount of money the University has," Powers said.
It is not known whether Brody's salary for the 2008 fiscal year followed this upward national trend. The salary information cannot be released until they are reported to the government in University tax papers next year.
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