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Three years after he retired, Brandeis University president Jehuda Reinharz remains one of the highest paid people on campus. He received more than $600,000 in salary and benefits in 2011, second only to the new Brandeis president, according to the school’s most recent public tax returns. And that’s on top of the $800,000 Reinharz earned in his new job as president of the Mandel Foundation, a longtime Brandeis benefactor.
“There is puzzlement from faculty about why he gets paid at all” by Brandeis, said Gordon Fellman, a sociology professor at Brandeis. “His term as president ended.”
College presidents across the country are negotiating huge exit packages when they step down, which critics say is emblematic of schools’ lavish spending on everything from administrative salaries to elaborate new buildings that are driving up the cost of higher education.