University of Pittsburgh grants raises to Nordenberg, others
December 4, 2013 12:00 AM
University of Pittsburgh Chancellor Mark A. Nordenberg announces his resignation effective August 2014 at the University's Board of Trustees meeting.
By Molly Born / Pittsburgh Post-Gazette
University of Pittsburgh trustees on Tuesday awarded chancellor Mark Nordenberg a 3 percent salary increase to $597,500 and also awarded raises to seven other top officials.
The Compensation Committee cited a record number of applications to the undergraduate programs on the main campus, various student and faculty honors and the university exceeding its $2 billion fundraising goal, among other things, as notable accomplishments in the institution's 225th year.
"It also was another in a long succession of years in which the institution's officers led the University of Pittsburgh to new levels of accomplishment on virtually every front," board of trustees chairman Stephen R. Tritch said in a statement.
Mr. Nordenberg, in his 19th year as the university's top administrator, again this year insisted his raise be no greater than the smallest percentage awarded to other officers, Mr. Tritch said.
In July, he announced that he will step down in August 2014.
Mr. Tritch called the chancellor "one of the most senior, and most successful, university leaders in America" and said his compensation has "lagged behind" that of many of his peers throughout his service.
Mr. Nordenberg received a 3.3 percent raise last year and requested his salary be frozen in 2011. This most recent raise amounts to $17,500.
Trustees Tuesday morning did not discuss total compensation, including benefits, said vice chancellor for communications Kenneth Service. Federal tax forms indicate Mr. Nordenberg's total compensation in 2012 at $764,296. Of that amount, $207,708 was in benefits.
Other raises approved by the committee Tuesday were:
* Amy Marsh, chief investment officer, a 4.9 percent increase to $425,000.
* Patricia Beeson, provost and senior vice chancellor, 4.9 percent increase to $392,500.
* Jerome Cochran, executive vice chancellor, a 4 percent increase to $512,500.
* Arthur Ramicone, chief financial officer, a 4.3 percent increase to $372,500.
* Jean Ferketish, secretary to the board of trustees and assistant chancellor, a 4.2 percent increase to $225,000.
* Arthur Levine, senior vice chancellor for health sciences and dean of the School of Medicine, a 3.8 percent increase to $817,500.
* Jerome Richey, general counsel, a 4.3 percent increase to $365,000.
Mr. Nordenberg's salary in 2012 was the 40th highest of 212 top executives at 191 public universities and systems in the U.S., according to the Chronicle of Higher Education, which publishes a yearly index of presidential pay.
"He's really right in the middle," said Molly Corbett Broad, president of the American Council on Education in Washington, D.C., said of his salary, compared with presidents at public research institutions and at research institutions in Pennsylvania.
Ms. Broad, also a retired president of the University of North Carolina, said she'd trust that the board weighed multiple factors, including the cumulative contribution that Mr. Nordenberg made to the school.
His and the other raises approved by the committee are retroactive to July.
Molly Born: firstname.lastname@example.org, 412-263-1944 or on Twitter @borntolede.
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