This article argues that, rather than raising the salaries of college presidents, thus widening the salary gap with faculty and possibly creating ill will, governing boards can provide better, long-term supplemental retirement programs that offer maximum reward, security, and control. This strategy can assist in recruitment and retention of…

Two developments require college governing boards and presidents to focus on executive compensation policies: the New York Regents' removal of the Adelphi University (New York) board over presidential salary and benefits, and federal legislation empowering the Internal Revenue Service to impose sanctions for excessive compensation in tax-exempt…