The leadership of Williams was modestly paid back in 1977.

Forty one years later, things are different.

Purpose of this post, updated once a year, is to maintain our history of the Form 990s issued by Williams. (Thanks to John Wilson ’64 for leading the charge on these efforts.)

Form 990 is an IRS requirement filed by all US non-profits. It is a confusing document that has changed significantly over the years. See here for background reading. Williams only provides versions going back to 2009. Future historians will thank us for archiving older versions: 1998, 1999, 2000, 2001, 2002, 2003, 2004, 2005, 2006, 2007 and 2008. In fact, because Williams occasionally hides things that it once made public, let’s go ahead and save the more recent filings: 2009, 2010, 2011, 2012, 2013, 2014, 2015, 2016, 2017 and 2018.

The College archives include earlier versions. At some point, we need to scan them. In the meantime, the wonderful Sylvia Brown provided one page (pdf) of the 1977 submission, from which the above screen shot is taken.

Inflation from 1977 to 2018 was a little over 400%. Professor salaries have kept pace. Administrator salaries have exploded.

I will ask the same question I asked Morty Schapiro in 2004.

Grant for the moment that Morty’s $400,000 annual package is fair and appropriate. But, certainly at some point, the President’s salary would be too high. How high is too high? At what point should I, as an alum asked to donate time and money, start to worry that the College is paying its President too much? If I am at this same event five years from now, would there be any problem with the President’s salary being $500k or $800k or $2 million?

If a complete mediocrity like Falk, the worst Williams president since World War II, is being paid $750,000 all-in, where does this trend end?

Facebooktwitter
Print  •  Email