Raises OK'd for University of Pittsburgh officials
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University of Pittsburgh trustees Tuesday awarded Chancellor Mark Nordenberg a 3.3 percent salary increase to $580,000 and gave his top deputies raises ranging from 3.3 percent to 15 percent, citing a year of extraordinary accomplishments despite adversity.
The $18,500 pay raise Mr. Nordenberg is receiving in fiscal year 2012-13 is among increases awarded to seven officers of the university by the compensation committee of Pitt's board of trustees, which met via conference call.
Board chair Stephen Tritch said Pitt moved forward on several fronts despite difficulties that included a rash of bomb threats that traumatized the campus in the spring and a second consecutive year of major proposed funding cuts from the state.
Mr. Nordenberg's salary last year was frozen at his request, Mr. Tritch said, but the committee convinced him to take a raise this year, though Mr. Nordenberg insisted it be no greater than the smallest percentage awarded to other officers.
Pitt on Tuesday did not provide Mr. Nordenberg's total compensation, including benefits, for the period covered by the committee's vote. Information on Pitt's website put Mr. Nordenberg's total compensation in 2011 at $707,190.
His and the other raises approved by the committee are retroactive to July.
Now in his 18th year as chancellor, Mr. Nordenberg, 64, is "one of the most senior and successful university leaders in the country," Mr. Tritch said. "He has led this institution to 17 consecutive years of outstanding progress."
Other raises approved by the committee Tuesday include:
• Amy Marsh, chief investment officer, a 15 percent or $53,000 increase, bringing her salary to $405,000;
• Patricia Beeson, provost and senior vice chancellor, 10 percent or $34,000 increase, bringing her salary to $374,000;
• Jerome Cochran, executive vice chancellor and general counsel, a 3.8 percent or $18,000 increase, bringing his salary to $493,000;
• Arthur Ramicone, chief financial officer, a 3.8 percent or $13,000 increase, bringing his salary to $357,000;
• Jean Ferketish, secretary to the board of trustees and assistant chancellor, a 3.8 percent or $8,000 increase, bringing her salary to $216,000;
• Arthur Levine, senior vice chancellor for health sciences and dean of the School of Medicine, a 3.3 percent or $25,500 increase, bringing his salary to $787,500.
On average, officials said, faculty salaries increased 3.7 percent.
Mr. Tritch noted concern among trustees that Mr. Nordenberg and other top officers are paid less than comparable peers based on benchmarking by the school's executive compensation consultant.
Mr. Nordenberg said Ms. Marsh, who received the largest percentage increase, had become the subject of a recruiting effort and that Pitt's attempts to keep her resulted in the 15 percent pay raise. He said it stayed within appropriate benchmark levels.
First Published December 5, 2012 12:00 am