Paula S. Wallace co-founded the Savannah College of Art and Design in 1978 with her parents and her then-husband... Since then it has grown into one of the nation's largest art schools, and Ms. Wallace's pay has swelled: In 2008 her total compensation as president was $1,946,730, according to newly released tax documents.
That amount tops the compensation of all but a handful of college chiefs. But SCAD, a relatively pricey and prosperous art school, is smaller than universities that pay in that range.
SCAD remains to some extent a family affair. The college paid Ms. Wallace's current husband, Glenn E. Wallace, $289,235 in 2008 for his role as senior vice president for college resources. Also on the payroll was her son John Paul Rowan ($233,843 for consulting; he is now a vice president who oversees the college's Hong Kong campus), daughter Marisa Rowan ($101,493; director of the equestrian programs), daughter-in-law Elizabeth Rowan ($85,494; director of external relations at the Hong Kong campus), and mother, May L. Poetter, a member of the Board of Trustees, who earned $61,767 in consulting fees.
A large portion of the pay earned by Ms. Wallace and her husband comes from a for-profit entity called the SCAD Group Inc. The college, which is a nonprofit, created the subsidiary in 2003, according to corporate filings.
The for-profit arm is wholly owned and controlled by the college. It provides nonacademic services to SCAD...Rian M. Yaffe, a consultant who advises colleges on compensation and governance, said the family hires at SCAD raise a red flag when looked at with Ms. Wallace's relatively high pay and perks.Mr. Cotton agreed. "I cannot imagine another board of a college or university in the United States agreeing to this..."The college has also long been criticized for not offering tenure to professors, using one-year contracts instead.
http://chronicle.com/article/An-Art-College-Presidents/124662/
"Hire your family. Get rid of tenure. As a non-profit, set up a for-profit "entity" that cuts you sweet deals and pays half your salary."
It sounds like an upscale U Phoenix to me.
Tuition only = $32K for a year.
Nearly the same as for Emory, an old, top-ranked (#20) research university = $40K.
Why should I 'not worry' because Emory is abandoning liberal arts & a for-profit college is taking on those programs while scooping up lots of real-estate tax-free?
= new reply since forum marked as read
