Latest News and Comment from Education

Wednesday, October 12, 2011

Schools Matter: College Board Pays Gaston Caperton $1.3 Million in Tax-Subsidized Salary Every Year

Schools Matter: College Board Pays Gaston Caperton $1.3 Million in Tax-Subsidized Salary Every Year:

College Board Pays Gaston Caperton $1.3 Million in Tax-Subsidized Salary Every Year

That's right--more than the head of the American Red Cross or even Harvard University's president. Below is an example of journalistic excellence by Janet Lorin at Bloomberg News, who offered this story in late August.

Want to guess how many corporate media outlets reprinted it? That's right, none.
By Janet Lorin - Aug 26, 2011
The president of the College Board,the nonprofit owner of the SAT entrance exam, has seen hiscompensation triple since 1999 and now gets more than the headof the American Red Cross, which has more than five times therevenue.
The value of Gaston Caperton’s compensation was $1.3million including deferred compensation in