Magazine

Institutions of Higher Learningand Higher Pay


Executives at for-profit colleges are the most well paid in higher education. Here are the five with the largest total compensation in 2009, plus the Top 5 for stock sales since 2003

CEOs:

Robert Silberman, Strayer Education

Total compensation: $41.9 million*

Andrew Clark, Bridgepoint Education

Total compensation: $20.5 million*

Kevin Modany, ITT Educational Services

Total compensation: $7.6 million*

Charles Edelstein, Apollo Group

Total compensation: $6.8 million*

Daniel Hamburger, Devry

Total compensation: $6.1 million*

Executives:

Peter Sperling, Apollo Group

Total stocks sales: $574.3 million**

John Sperling, Apollo Group

Total stocks sales: $263.5 million**

Robert Knutson, Education Management***

Total stocks sales: $132.4 million**

Rene Champagne, ITT Educational Services***

Total stocks sales: $73.9 million**

Robert Silberman, Strayer Education

Total stocks sales: $70.4 million**

* Most recent fiscal year. Includes salary, bonus, stock, and option grants.

** Gross proceeds minus purchases and cost of exercising options.

*** Former employee.

Data: Equilar, Insiderscore.com, SEC filings


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