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Top Salaries at MIT From 2004...2005

Name Title Compensation Percent Increase
Charles M. Vest Outgoing President $680,927* 2.9
Susan Hockfield Incoming President $622,205 N/A
Donald R. Lessard Professor, Sloan School $594.461 32.8
Allan S. Bufferd ’59 Treasurer $538,771 -5.1
Gabriel R. Bitran PhD ’75 Deputy Dean, Professor, Sloan School $537,063 N/A
Richard M. Locke PhD ’89 Professor, Sloan School $509,449 N/A
Robert A. Brown Provost $476,705** -5.8
Rebecca M. Henderson ’81 Professor, Sloan School $474,667 N/A
Charles H. Fine Professor, Sloan School $474,480 N/A
John R. Curry Executive Vice President $460,296 1.9
Phillip L. Clay PhD ’75 Chancellor $269,812 0.5
Kathryn A. Willmore Vice President, Secretary of the Corporation $241,198 1.4
Dana G. Mead PhD ’67 Chairman of the Corporation $227,367 16.8

Salaries include compensation and benefits for fiscal year 2005, the most recent available. The percent increase is from the previous fiscal year. The salaries include MIT’s executive officers and top five highest-paid employees. Hockfield, Bitran, Locke, Henderson, and Fine were not listed in the top salaries in FY 2004.

* Does not include $8,099 from an expense account, which compares to $8,060 in FY 2004.

** Includes $30,600 from a standard Children’s Scholarship benefit. Brown received $44,100 in FY 2004.

Source—MIT IRS 990 FORM