Golden Parachutes Of NJ Public College Presidents Cost Millions

By Mark Lagerkvist

Retiring college presidents can look forward to sabbaticals at full or partial pay, teaching positions, even automobiles

George Pruitt of Thomas Edison State University and R. Barbara Gitenstein of The College of New Jersey
George Pruitt of Thomas Edison State University and R. Barbara Gitenstein of The College of New Jersey
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“Why would a president who runs an institution that’s totally online get this kind of compensation?” countered Susanna Tardi, vice president for higher education at the New Jersey chapter of the American Federation of Teachers. A university without a traditional faculty, TESU offers graduate and undergraduate degrees through online studies.

“There’s a lot of money that is wasted in higher education because of the lack of top-down accountability,” added Tardi.

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