That’s the motto of Wake Forest University, where President Nathan Hatch came in first in the Chronicle of Higher Education’s new ranking of compensation for heads of U.S. colleges. In 2015, the latest year for which data are available, he earned $4 million.
Hatch is one of 58 college presidents with total compensation of more than $1 million, up from 39 in 2014 and 32 in 2013, according to the Chronicle’s calculations. Average total compensation for school heads serving the full year was $569,932, up 9 percent from 2014’s average. The data were drawn from federal tax filings for 500 private, nonprofit schools.
“It certainly raises eyebrows,” said Dan Bauman, a data reporter for the Chronicle. “It’s unusually high.”