Top Salaries Paid by MIT From 2005–2006
Top Salaries Paid by MIT From 2005–2006
Source: MIT IRS 990 Form
Salaries include compensation and benefits for fiscal year 2006, the most recent available. The percent change is from the previous fiscal year. The salaries include those of MIT executive officers, the top five highest-paid employees, and other officers listed in the IRS 990 form for FY 2006.
* Includes $687,054 of incentive compensation earned in FY 2006 and paid in FY 2007 without deferral because of Bufferd’s retirement on May 15, 2006
** Includes $100,000 of deferred compensation
*** Includes $30,600 from a standard Children’s Scholarship Benefit. Brown also received $30,600 in FY 2005.
**** Does not include $40,000 of incentive compensation. The amount can decrease or increase depending on the performance of the endowment and of certain benchmarks; payment is contingent on continued employment by MIT.
| Name | Title | Compensation | Percent Change |
| Allan S. Bufferd ’59 | Treasurer | $1,555,672 * | 88.7 |
| Susan Hockfield | President | $753,124 ** | 21.0 |
| Gabriel R. Bitran PhD ’75 | Deputy Dean, Sloan School | $686,600 | 27.8 |
| Donald R. Lessard | Professor, Sloan School | $606,145 | 2.0 |
| Charles M. Vest | Professor; Former President | $479,143 | -29.6 |
| L. Rafael Reif | Provost | $472,030 | N/A |
| Sherwin Greenblatt | Executive Vice President | $416,015 | N/A |
| Steven C. Marsh | Managing Director of Real Estate, MIT Investement Management Company | $400,695 | N/A |
| Philip Rotner | Managing Director of Private Equity, MITIMCo | $398,157 | N/A |
| Daniel T. Steele | Managing Director of Private Equity, MITIMCo | $391,382 | N/A |
| Joel Moses PhD ’67 | Institute Professor | $388,597 | N/A |
| John M. Deutch ’61 | Institute Professor | $355,340 | N/A |
| Phillip L. Clay PhD ’75 | Chancellor | $317,967 | 17.8 |
| Kathryn A. Willmore | Vice President and Secretary of the Corporation | $284,769 | 18.1 |
| Dana G. Mead PhD ’67 | Chairman of the Corporation | $280,557 | 23.4 |
| Paul E. Gray ’54 | Former President | $147,065 | N/A |
| John R. Curry | Prior Executive Vice President | $90,125 | -80.4 |
| Robert A. Brown | Prior Provost | $74,541 *** | -84.4 |
| Seth Alexander | President, MITIMCo | $74,646 **** | N/A |
| Howard W. Johnson | Former President; Former Chairman of the Corporation | $41,787 | N/A |