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ERIC Number: ED300090
Record Type: RIE
Publication Date: 1988
Pages: 42
Abstractor: N/A
Reference Count: 0
ISBN: ISBN-87117-183-X
Chief Executive Officers: Contracts and Compensation.
Nicholson, R. Stephen
In 1986, a study was conducted of the employment contracts of the chief executive officers (CEO's) of two-year colleges in the United States, Canada, and Puerto Rico. Questionnaires were mailed to the entire membership of the American Association of Community and Junior Colleges, totaling 1,110 colleges. Study findings, based on responses from 506 CEO's, included the following: (1) a 3-year term was the most popular length for 1986 contracts, as opposed to the 1-year term which was most common in 1981; (2) contract renewal based on an annual review gained popularity between 1981 and 1986; (3) almost 6% of the contracts were expressed as board resolutions, 6% as standard professional or state contract forms, and 59% as formal contracts; (4) a board-initiated termination provision was present in 25% of the contracts, up from 10% in 1981; (5) average salaries ranged from $49,853 for colleges with 1,000 students or less to $76,628 for colleges with more than 20,001 students; (6) the mean annual salary was $62,949 in 1986, representing an increase of 30% over 1981's mean of $48,402; (7) average salaries were highest in the far western United States, and lowest in the mountain states; and (8) 14.7% of the colleges provided homes for their CEO's, 88.3% provided paid medical coverage, 27% offered spouse tuition benefits, 67% provided between 10 and 14 paid holidays per year, 48% offered between 21 and 25 paid vacation days, and 71% provided life insurance and travel allowances. (AYC)
American Association of Community and Junior Colleges, One Dupont Circle, NW, Suite 410, Washington, DC 20036 ($12.95).
Publication Type: Reports - Research
Education Level: N/A
Audience: Administrators; Practitioners
Language: English
Sponsor: N/A
Authoring Institution: American Association of Community and Junior Colleges, Washington, DC. Presidents Academy.