Were there any changes to Dr. Jackson’s compensation as a result of the economic downturn?
The information reported by the Chronicle of Higher Education on President Jackson’s compensation is 2007 data, and precedes the economic downturn. In the last fiscal year, President Jackson volunteered to give back 5 percent of her salary to a student scholarship fund, as part of the Institute’s comprehensive response to the changing, challenging economic environment. In addition, her Cabinet is donating 2.5 percent of their salary to this fund. Dr. Jackson’ approach to the economic crisis was clear, decisive, and strategic. She had the foresight to move quickly to address the economic downturn in its early stages. Her leadership approach brought us a planning process with built-in annual budget contingencies, so we were able to move more quickly than most institutions. How is Dr. Jackson’s compensation set? President Jackson’s compensation is set by the Compensation Committee of the Board of Trustees, after careful external benchmarking, and with a thorough annual performance review.
