President's Earnings Are Fourth Largest

Although he may be number one on the totem pole, President Neil L. Rudenstine was only the fourth largest earner at the University last year, netting $241,298, a six percent increase over his previous year's salary.

Three other Harvard officials earned more money in total salary, benefits and other compensation than Rudenstine did for the fiscal year from July 1, 1993 to June 30, 1994, according to documents filed with the Massachusetts Office for Public Charities.

Medical School Dean Daniel C. Tosteson '44 earned $354,744, while Joseph J. Stern, an economics lecturer and fellow at the Harvard Institute for International Development, earned $339,253 and Marc W. Kirschner, the chair of the Department of Cell Biology at the Medical School, earned $289,323.

Rounding out the top five was Business School Dean John H. McArthur, who earned $270,530.

Stern's base salary was the lowest of the top five at $126,500. He received $194,346 in other compensation, which included allowances from Harvard for housing and overseas taxes.

Rudenstine, Tosteson and McArthur were in the top five for 1992-93 as well, with Tosteson also topping the list that year at $337,587.

Other employees to earn more than $200,000 included Fred L. Glimp '50, vice president for development and alumni affairs, with $246,463; N. Sally Zeckhauser, vice president for administration, with $241,597; Leverett Professor of Interfaculty Teaching and Research Jerry R. Green, who was then provost, with $236,092; and Vice President and General Counsel Margaret H. Marshall with $225,728.

Robert H. Scott, then finance vice president, earned $195,065.

Harvard paid at least $30,000 to more than 6,700 employees.

The salaries of University officials paled in comparison to those of the officers of the Harvard Management Company.

Jonathan S. Jacobson, vice president for equity, earned $2,987,895 in salary and benefits, while the next four highest salaries each exceeded one million dollars.

A large part of compensation for Management Company officials consists of bonuses based on the performance of the assets they manage.

The University also paid $1.7 mil- Top Five Harvard Salaries

Harvard officials who earned the highest total salary, benefits and other compensation (1993-94):

Name and Position  Salary Daniel C. Tosteson '44 Dean of the Medical School  $354,744 Joseph J. Stern, Institute of International Development Fellow  $339,253 Marc W. Kirschner, Chair of Cell Biology at Med School  $289,323 Neil L. Rudenstine, President  $278,297 John H. McArthur, Dean of the Business School  $270,530

Source: Documents filed with the Massachusetts Office of Public Charities IESlion to Margeotes, Fertitta and Weiss, aconsulting firm in New York; $1.5 million toTowers Perrin, an accounting firm in Boston; and$1.5 million to lan Freed Consulting, also basedin New York