Penn President Gutmann’s Pay Tops $2 Million

English: Author: Stuart Watson (Photo credit: Wikipedia)

The University of Pennsylvania sharply increased the compensation package for its president, Amy Gutmann, from $1.46 million in 2010-11 to more than $2 million in 2011-12 – a pay boost of 43 percent, according to the university’s latest tax filing.

David L. Cohen, executive vice president of Comcast and chairman of Penn’s board of trustees, said in a statement that Gutmann’s compensation “is very much performance driven, and speaks to the extraordinary success that she has had in recent years.”

Cohen said the trustees “feel that we have the best university president in the country in Amy Gutmann and we believe her compensation should reflect that reality.”

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