THE VIRGINIAN-PILOT
Copyright (c) 1996, Landmark Communications, Inc.
DATE: Monday, October 14, 1996 TAG: 9610140028
SECTION: LOCAL PAGE: B1 EDITION: NORTH CAROLINA
SOURCE: ASSOCIATED PRESS
DATELINE: CHARLOTTE LENGTH: 35 lines
Wake takes the cake when it comes to paying the presidents of North Carolina's biggest and best-known private colleges.
Wake Forest President Thomas Hearn earned $175,000 in salary and $199,868 in benefits in 1994-95, according to a survey of federal tax returns filed by 479 of the nation's private colleges and universities.
The Chronicle of Higher Education conducted the survey, which appears in its Oct. 18 edition. The information comes from 1994-95 returns, the most recent available. Federal law requires nonprofit organizations to make the returns public.
Hearn's earnings of $374,868 include deferred compensation, said Wake Forest spokesman Kevin Cox.
Duke University President Nan Keohane made the highest salary among 17 school presidents in North Carolina and South Carolina - $290,500. With benefits, her total compensation was $315,821.
Campbell University President Norman Wiggins enjoyed the biggest salary raise, a $50,000 boost that put his salary at $200,000.
Wiggins' $50,000 raise was his second in as many years, The Charlotte Observer reported. His pay went from $100,000 in 1992-93 to $150,000 in 1993-94.
``The man earned it,'' Campbell board of trustees Chairman J. Leon Rumley said Friday.
Under Wiggins' leadership since 1967, Campbell has grown from a small college in the Sandhills of Harnett County to a university with successful law and pharmacy schools and a new school of divinity.
KEYWORDS: HIGHER EDUCATION SALARIES by CNB