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.