2008 Woodie Awards
Brody ninth on list of top-paid presidents
Issue date: 11/20/08
For the 2007 fiscal year, President William Brody was the ninth most highly compensated president of a private university or college, according to a report released by The Chronicle of Higher Education earlier this week.
Brody's total annual compensation is determined by the Board of Trustees of the university. For 2007, it was $1,060,772, down from $1,938,024 in 2006. According to Dennis O'Shea, university spokesman, although Brody's total compensation decreased, his university salary actual increased in 2007.
The total compensation reported by The Chronicle is a sum of Brody's university salary, benefits, deferred compensation and additional compensation by the Johns Hopkins Health System. Brody serves as chairman for the executive committee of Johns Hopkins Medicine, a separate corporation from the university, and receives compensation from the health system for his work in that position.
The breakdown of Brody's total 2007 compensation results in $614,805 in university salary, $145,967 in benefits and $300,000 from the Johns Hopkins Health System.
Comparatively, his 2006 university salary was lower at $571,782. However, his total compensation in 2006 was several hundred dollars more than last year due to $920,438 in deferred compensation he received.
The deferred compensation amount included payments accumulated over nine years. It consisted of $421,911 of Brody's own salary that he chose to defer for a time and $170,527 of investment earnings on the deferred amount.
The rest of the deferred compensation was $328,000 in deferred bonuses awarded to Brody by the trustees over the years, which were payable only if he remained at the University for a specific amount of time.
According to O'Shea, these bonuses and the condition of payment were the trustees' way of giving Brody an extra incentive to remain as president, which they very much wanted him to do.
Jerry Schnydman, secretary of the Board of Trustees and executive assistant to the President, explained that Brody's salary is determined based on how the Board feels he has fulfilled his responsibilities as President.
Brody's total annual compensation is determined by the Board of Trustees of the university. For 2007, it was $1,060,772, down from $1,938,024 in 2006. According to Dennis O'Shea, university spokesman, although Brody's total compensation decreased, his university salary actual increased in 2007.
The total compensation reported by The Chronicle is a sum of Brody's university salary, benefits, deferred compensation and additional compensation by the Johns Hopkins Health System. Brody serves as chairman for the executive committee of Johns Hopkins Medicine, a separate corporation from the university, and receives compensation from the health system for his work in that position.
The breakdown of Brody's total 2007 compensation results in $614,805 in university salary, $145,967 in benefits and $300,000 from the Johns Hopkins Health System.
Comparatively, his 2006 university salary was lower at $571,782. However, his total compensation in 2006 was several hundred dollars more than last year due to $920,438 in deferred compensation he received.
The deferred compensation amount included payments accumulated over nine years. It consisted of $421,911 of Brody's own salary that he chose to defer for a time and $170,527 of investment earnings on the deferred amount.
The rest of the deferred compensation was $328,000 in deferred bonuses awarded to Brody by the trustees over the years, which were payable only if he remained at the University for a specific amount of time.
According to O'Shea, these bonuses and the condition of payment were the trustees' way of giving Brody an extra incentive to remain as president, which they very much wanted him to do.
Jerry Schnydman, secretary of the Board of Trustees and executive assistant to the President, explained that Brody's salary is determined based on how the Board feels he has fulfilled his responsibilities as President.
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