Appendix 17: Executive Compensation. Executive Compensation at Publicly Traded For Profit Colleges
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1 Appendix 17: Executive Executive at Publicly Traded For Profit Colleges American Public Education, Inc. Executive Wallace E. Boston President and Chief Executive Officer $961,148 $1,659,360 Harry T. Wilkins Executive Vice President and Chief Financial Officer $517,333 $668,143 Sharon van Wyk Executive Vice President and Chief Operating Officer N/A $761,304 Carol S. Gilbert Executive Vice President, Marketing and Programs $490,614 $456,168 Frank B. McCluskey Executive Vice President, Provost $465,725 $450,111 Apollo Group, Inc. Executive John G. Sperling Founder and Chairman $8,617,597 $6,963,239 Joseph L. D'Amico President and COO $5,115,263 $5,500,246 Brian L. Schwartz Senior VP and CFO $2,345,379 $2,369,601 William J. Pepicello President, University of Phoenix $2,035,470 $2,035,470 Charles B. Edelstein Co CEO $1,800,000 $1,636,950 Gregory W. Cappelli Co CEO $1,659, $1,659, Bridgepoint Education, Inc. Executive Andrew S. Clark CEO and President $20,532,304 $2,233,826 Rodney T. Sheng Executive VP and Chief Administrative Officer $4,558,182 $960,455 Christopher L. Spohn Former Senior VP and Chief Admissions Officer $4,518,926 $910,135 Ross L. Woodard Senior VP/Chief Marketing Officer $3,901,932 N/A Daniel J. Devine Executive VP and CFO $3,257,882 $859,440 Jane McAuliffe Executive VP and Chief Academic Officer N/A $832, Capella Education Corporation Executive J. Kevin Gilligan Chief Executive Officer $3,848,253 $2,347,197 Lois M. Martin Former SVP and Chief Financial Officer $748,499 $967,637 Stephen G. Shank Former Chief Executive Officer N/A $685,879 Sally B. Chial Senior Vice President Capella Experience $952,482 $644,665 Michael J. Offerman Chancellor $820,718 $605,422 Gregory W. Thom Vice President and Senior Counsel N/A $564,332 Steve L. Polacek SVP and Chief Financial Officer $557,862 N/A Kyle M. Carpenter SVP Strategic Business Development $895,249 N/A Jason Van De Loo Vice President Marketing $742,362 N/A A17 1
2 Appendix 17: Executive Executive at Publicly Traded For Profit Colleges Career Education Corporation Executive Gary E. McCullough President and Chief Executive Officer $4,576,923 $4,923,791 Michael J. Graham Executive Vice President and Chief Financial Officer $1,633,227 $1,751,315 Jeffery D. Ayers Senior Vice President, General Counsel, Corporate Secretary and Chief Compliance Officer $1,156,416 $1,374,454 Deborah L. Lenart Senior Vice President, Sanford Brown University $1,793,900 $1,278,029 George K. Grayeb Senior Vice President, Health Education $1,145,306 $1,121,574 Corinthian Colleges, Inc. Executive Jack Massimino Executive Chairman $3,343,434 $3,032,703 Peter Waller Chief Executive Officer $1,984,619 $4,463,882 Kenneth S. Ord Executive Vice President and Chief Financial Officer $1,472,628 $1,605,529 Beth Wilson Executive Vice President $1,409,213 $1,516,676 Matt Ouimet President and Chief Operating Officer $1,406,812 $2,021,538 DeVry, Inc. Executive Daniel Hamburger CEO and President $6,387,081 $6,058,205 David J. Pauldine President, DeVry University $1,401,553 $1,565,349 Richard M. Gunst CFO and Treasurer $1,234,842 $1,447,317 Steven Riehs President, DeVry Online Services $895,755 $976,980 Thomas C. Shepherd President, Ross University $714,688 n/a William B. Hughson President, Healthcare Group n/a $874,794 Appendix 17A Education Management Corporation Executive Todd S. Nelson CEO $1,812,996 $3,804,121 Edward H. West President and CFO $1,551,802 $5,486,905 John M. Mazzoni President, The Art Institutes $806,152 $1,010,542 John T. South III Senior VP and Chancellor of South University $754,339 $972,267 Danny D. Finuf President, Brown Mackie Colleges $714,957 $1,003,319 A17 2
3 Appendix 17: Executive Executive at Publicly Traded For Profit Colleges Grand Canyon Education, Inc. Executive Brian E. Mueller CEO & Director $2,167,364 $1,028,705 Dr. W. Stan Meyer Executive VP $991,256 $457,941 Daniel E. Bachus CFO $981,058 $415,161 Joseph N. Mildenhall Chief Information Officer $705,313 $720,968 Dr. Kathy Player President $664,535 $420,184 Christopher C. Richardson General Counsel & Director $434,497 $379,019 Brent D. Richardson Executive Chairman $337,508 $340,333 ITT Educational Services, Inc. Executive Kevin M. Modany Chairman and CEO $7,628,172 $6,745,967 Clark D. Elwood Executive VP and CAO $1,827,591 $1,425,939 Daniel M. Fitzpatrick Executive VP and CFO $1,794,617 $1,429,072 Eugene E. Feichtner Executive VP and President, ITT Tech $1,601,380 $1,327,513 June M. McCormack Executive VP and President, Online Division $1,512,783 $1,239,303 Lincoln Educational Services Corporation Executive Shaun E. McAlmont President and CEO $2,130,465 $1,014,295 Scott M. Shaw Executive VP and CAO $1,359,145 $742,644 David F. Carney Former Executive Chairman $1,333,693 $1,088,218 Cesar Ribeiro Senior VP, CFO, & Treasurer $1,123,906 $735,923 National American University Executive Ronald L. Shape Chief Executive Officer and Chief Financial Officer $990,361 N/A Jerry L. Gallentine President $1,154,422 N/A Michaelle Holland Regional President for the South and Southeast Regions $692,807 N/A Robert D. Buckingham Executive Chairman of the Board $3,127,120 N/A A17 3
4 Appendix 17: Executive Executive at Publicly Traded For Profit Colleges Strayer Education, Inc. Executive Robert S. Silberman Chairman & CEO $41,489,800 $1,549,800 Karl McDonnell President & COO $10,839,800 $1,029,800 Mark C. Brown Executive VP & CFO $857,800 $959,800 Dr. Sondra F. Stallard President, Strayer University $734,800 $799,800 Sonya G. Udler SVP, Corporate Communications $601,711 $1,663,785 Universal Technical Institute, Inc. Executive Kimberley J. McWater CEO, President and Director $1,948,901 $2,248,720 John C. White Chairman of the Board $1,345,147 $1,165,634 Eugene S. Putnam, Jr. Executive VP and CFO $1,089,315 $1,004,052 Richard P. Crain Senior VP, Marketing and Strategy $752,329 $697,483 Thomas E. Riggs Senior VP, Campus Operations $706,845 N/A A17 4
5 Appendix 17: Executive Leaders at Comparison Public Institutions Company Comparison School Executive 10 American Public Education, Inc. West Virginia University Clements, James P. $464,700 Apollo Group, Inc. University of Arizona Shelton, Robert N. $633,206 Bridgepoint Education, Inc. University of Iowa Mason, Sally K. $610,234 Capella Education Company University of Minnesota Twin Cities Bruininks, Robert H. $646,097 Career Education Corporation University of Illinois at Urbana Champaign Herman, Richard $137,850 Corinthian Colleges, Inc. University of California at Irvine Drake, Michael V. $382,980 DeVry, Inc. University of Illinois at Urbana Champaign Herman, Richard $137,850 Education Management Corporation Pennsylvania State University Spanier, Graham B. $800,592 Grand Canyon Education, Inc. University of Arizona Shelton, Robert N. $633,206 ITT Educational Services, Inc. Indiana University at Bloomington Hanson, Karen $337,144 Lincoln Educational Services Corporation Rutgers University at Newark Diner, Steven J. $326,000 National American University Holdings, Inc. South Dakota State University Chicoine, David L. $340,642 Strayer Education, Inc. University of Virginia Casteen III, John T. $703,648 University Technical Institute, Inc. University of Arizona Robert N. Shelton $633,206 A17 5
6 Appendix 17: Executive Average Highest Paid Executives by Sector Highest Paid Public University Executives, 10 Institution Executive Total Ohio State University Gee, E. Gordon $1,818,911 University of Washington Emmert, Mark A. $905,004 University of Texas System Cigarroga, Francisco G. $813,892 University of Central Florida Hitt, John C. $800,703 Pennsylvania State University System Spainer, Graham B. $800,592 Average $1,027,820 Highest Paid Non Profit College Executives, Institution Executive Total Drexel University Papadakis, Constantine N. $4,912,127 Johns Hopkins University Brody, William R. $3,821,886 University of the Pacific DeRosa, Donald V. $2,357,540 Northwestern University Bienen, Henry S. $2,240,775 Vanderbilt University Zeppos, Nicholas S. $1,890,274 Average $3,044,520 Highest Paid For Profit Education Company Chief Executive Officers, FY Company Executive Total Strayer Education, Inc. Silberman, Robert S. $41,489,800 Bridgepoint Education, Inc. Clark, Andrew S. $20,532,304 Career Education Corporation McCullough, Gary E. $4,923,791 ITT Educational Services, Inc. Modany, Kevin M. $7,628,172 DeVry, Inc. Hamburger, Daniel $6,387,081 Average $16,192,230 A17 6
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