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How do you reconcile that with external effects? Surely a college endowment increases for reasons outside of the college presidents' actions and it is not direc
by ihsw2 9y ago
How do you reconcile that with external effects? Surely a college endowment increases for reasons outside of the college presidents' actions and it is not directly attributable to him/her.
If all college endowments grow in lockstep with demographic/economic growth then surely it stands to reason that college endowment growth can be attributed to this. While is foolish to assert that demographic/economic growth is 100% responsible, it is equally foolish to assert that college presidents are 100% responsible for endowment growth.
- dcole2929 9y agoAbsolutely, but it's up to the board or whatever functions similarly at a university to make that decision. I'm not laying out an algorithm for president's inflated salary just explaining what i see to be the reasoning behind it. Like most things, compensation isn't a reflection of absolute truth but of what one can argue to be reasonable. I'd imagine you could take the increase in endowment and compare to the average schools increase across the same time period or some other such metrics, if one were so inclined.