Roanoke Times
Copyright (c) 1995, Landmark Communications, Inc.
DATE: THURSDAY, July 12, 1990 TAG: 9007120227
SECTION: VIRGINIA PAGE: B11 EDITION: METRO
SOURCE: Associated Press
DATELINE: LENGTH: Medium
Carrier, who has headed James Madison since 1971, will bring home $192,692 during 1990-91 and Verkuil will have a total income of $172,029, according to annual disclosure statements filed under state law.
Carrier reported increases in all three areas of income the presidents must report: state salary; supplements, which usually come from private foundations that support universities; and outside income.
His income also rose relative to that of presidents of other state institutions because four of those institutions, including last year's leader, the University of Virginia, experienced changes of leadership.
Carrier reported a state salary of $89,149, sixth highest on the list. He also reported a supplement of $33,143 and outside income of $70,400. He also receives a car, house and deferred compensation plan.
Outside income, a category in which Carrier almost doubles his closest rival, comes from his service on four corporate boards.
He earns $24,000 from Leader Federal Savings & Loan in Memphis, Tenn.; $5,400 from Dominion Bank, Shenandoah Valley; $21,000 from Universal Corp. of Richmond; and $20,000 from Universal Systems Inc. of Chantilly.
Verkuil's total earnings included state salary of $96,092 and a $38,437 supplement.
He also reported outside income estimated at $37,500 in the form of honoraria, consultantships, royalties on books and $30,000 for service on the board of Sovran Bank. Verkuil's total pay last year was $145,489.
Among the four newcomers to the fraternity of presidents, John T. Casteen III of UVa will bring in the biggest paycheck this year.
Casteen reported total income of $171,608.
The other newcomers are Eugene P. Trani of Virginia Commonwealth University, James V. Koch of Old Dominion University and David R. Pierce of the Virginia Community College System.
Trani reported total income of $150,633. He reported no outside income. Koch will earn $132,175; Pierce, $131,671.
The presidents earn state salaries that range from $106,714 - paid to Casteen, James D. McComas of Virginia Tech and Trani - to $79,660 that will go to J.A. Knight of Clinch Valley College in Wise. McComas was fourth on the list with total pay of $168,633, followed by George W. Johnson of George Mason University at $163,228.
by CNB