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Friday, April 20, 2018

As Mount Ida’s Debt Increased, So Did Its Executives’ Pay

Sbynews Editor's Note:
Mount Ida College is a private college in Newton, Massachusetts, United States, offering professional undergraduate and graduate degrees. Wikipedia
Address777 Dedham St, Newton, MA 02459
Acceptance rate68.5% (2014)
Undergraduate tuition and fees30,447 USD (2015)
Total enrollment1,481 (2010)
Typical SAT scoresMath 390-490 (2014), Reading 390-500 (2014), Writing 380-490 (2014)

Pay and other compensation for Mount Ida College’s president and other executives increased while its increasing debt load threatened to drive it out of business.

The board of trustees of the small college in Newton kept approving significant increases in salary for president Barry Brown and other leading officials during the last few years leading up to the college’s decision to close and sell the campus to the University of Massachusetts, according to the Boston Business Journal.

Brown made $446,000 in 2016, including $390,082 in base salary, the Boston Business Journal reported. The total compensation that year was up from $406,000 in 2014. Debt increased from $58 million to $68 million between 2014 and 2016, states the Boston Business Journal, citing documents the college was required to file with the federal government.



Anonymous said...

UMass Boston Students, Faculty Want UMass Amherst To Drop Mount Ida Acquisition

Anonymous said...

No College President deserves to get paid that much.