Faust's Staples Directorship

http://www.futureofcapitalism.com/2012/06/faust-staples-directorship

Buried toward the bottom of a Harvard Magazine article about the faculty complaining about the end to a Harvard-provided financial planning benefit comes this news about Harvard President Drew Faust:

About a month before the meeting, it became known that Faust would stand for election to the board of Staples, Inc., perhaps becoming the first sitting Harvard president to join a corporate board. (She would earn about $300,000 per year for her service; her 2010 Harvard salary totaled $714,000, plus $161,000 of other compensation, according to the University's tax return.)

Good for her to get some private-sector experience and exposure, I suppose. And one can understand her need to moonlight for extra compensation — those thrifty Yankees up at Harvard are paying her barely more than what an electrician at the Metropolitan Opera earns.

by Editor  |  Jun 26, 2012 at 12:16 pm Related Topics:  Compensation, Education, Non-Profits receive the latest by email: subscribe to the free futureofcapitalism.com mailing list