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Georgia college president paid $9.6 million and gets a free house
Among all the nonprofit colleges in the U.S. – think Emory, Duke, Harvard and many more, including leading research universities – which would you think has paid its president the most?
It’s one in Georgia. But not who you might think.
According to the Wall Street Journal, the latest available data shows that it’s Savannah College of Art and Design, where compensation for President Paula Wallace was $9.6 million in 2014. Much of that money was deferred compensation from a retirement agreement.
Wallace, a former Atlanta teacher, is co-founder of the college, which opened in 1979 and had about 12,000 students in 2014.
Read more: http://investigations.blog.ajc.com/2017/03/17/egads-scad-presidents-pay-tops-in-nation-among-nonprofit-colleges/