The Tech - Online EditionMIT's oldest and largest
newspaper & the first
newspaper published
on the web
Boston Weather: 41.0°F | Partly Cloudy
Article Tools

Top Salaries, 2006–2007

“Compensation” column includes regular compensation as well as contributions to employee benefit plans. This data is from fiscal year 2007’s IRS form 990 (July 1, 2006 through June 30, 2007), dated May 15, 2008. Parenthesized numbers are negative. Form 990 includes compensation to current and former “officers, directors, and trustees” as well as the “five highest paid employees” (†). Therefore, the list beneath Kelly is not comprehensive. “Change” column calculated from FY2006 form.

* Includes $100,000 of deferred compensation (Hockfield). ** Data for this person did not appear in the FY2006 form, so no change is calculated. † Appears in list of top five [non-officer] salaries. § Does not include incentive compensation: approx. $237,000 (Marsh, Rotner, Steele) or $210,000 (Kelly). Amount may have increased depending on endowment performance. Managing Directors are MITIMCO (MIT Investment Management Company) employees.

Name Title FY07 Compensation Change from FY06

Susan Hockfield President $808,698 * $55,574 7%
Donald Lessard Professor – Sloan School $657,520 **
Seth Alexander President of MITIMCO $530,280 $455,634 86%
Rafael Reif Provost $519,172 $47,142 9%
Steve Marsh Managing Director, Real Estate $493,803 †§ **
Philip Rotner Managing Director, Private Equity $485,704 †§ **
Daniel Steele Managing Director, Private Equity $477,651 †§ **
Charles Vest President Emeritus $446,920 **
Allan Bufferd Former Treasurer $431,170 ($1,124,502) -261%
Martin Kelly Managing Director, Marketable Alternatives $425,975 †§ **
Joel Moses Former Provost $408,685 **
Sherwin Greenblatt Exec. VP and former Treasurer $366,008 ($50,007) -14%
John Deutch Former Provost $358,236 **
Philip Clay Chancellor $355,376 $37,409 11%
Theresa Stone Exec. VP and Treasurer $296,704 **
Dana Mead Chairman of the Corporation $291,398 $10,841 4%
Kathryn Willmore Former Vice President & Secretary $285,757 **
Gregory Morgan Vice Pres. and General Counsel $242,357 **
Kirk Kolenbrander VP and Secretary $219,778 **
Paul Gray Former President $156,761 **
Jeffrey Newton VP – Resource Development $125,199 **
Howard Johnson Former President $39,530 **