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Insight & Intelligence™ : Sep 16, 2013

25 Top-Paid Research Institute Leaders

Who in academia is raking it in this year?

Following is a list of 25 current or former senior executives of independent nonprofit research institutes, ranked by total compensation for the most recent two years such information was available as furnished by Form 990s filed annually by each institution with the Internal Revenue Service and made public through Guidestar.org and Foundation Center. In most cases, the most recent years available were fiscal years ending in 2011 and 2010. In isolated cases, no new Form 990s had been made public since last year.

Unlike the first edition of this list last year, the percent change in annual pay for each executive was listed. Perhaps reflecting continued pressure on the institutions and other nonprofits to account for executive pay, 10 of the top 25 compensated executives listed either received below-inflation-rate raises, or were paid less than the previous year.

However, another 10 executives listed saw double- or triple-digit pay raises, some of which included severance or payments from organizations related to the research institutions. In four cases, double- and triple-digit raises followed a promotion or extra responsibilities added on an interim basis.

Also unlike last year, the list was expanded beyond CEOs to include other senior-level executives, such as executive vice presidents, board chairs, and C-suite officers. The expansion explains why the top 11 highest-paid executives in this year’s list received total pay exceeding $1 million, compared with the top four CEOs in the 2012 list.

Executives on the list come from 13 research institutions. HHMI alone accounted for eight people, followed by Sanford-Burnham, Stowers, and the J. William Gladstone Institutes (two each), and one each for the other institutions. In some cases the listed chief executives have been succeeded by others; such leadership changes are detailed in footnotes. FY denotes fiscal year; CY denotes calendar year.

#25. Leland (Lee) H. Hartwell, Ph.D.1

Title: President and Director, 1997–20101

Institution: Fred Hutchinson Cancer Research Center

FY ending June 30, 2011: $634,1831,2

FY ending June 30, 2010: $722,0111

% Change: -12.2%

#24. J. Craig Venter, Ph.D.

Title: Founder, Chairman, and CEO

Institution: J. Craig Venter Institute

2011 calendar year: $648,539

2010 calendar year: $645,929

% Change: 0.4%

#23. Richard Hille

Title: Former Executive Director3

Institution: The J. David Gladstone Institutes

2011 calendar year: $699,6534

2010 calendar year: $372,153

% Change: 88.0%

#22. Charles Hewett, Ph.D.

Title: EVP and COO; Interim leader overseeing all administrative, operating, and mouse resources activities and services, 2011–2012

Institution: The Jackson Laboratory

Seven months ending December 31, 2011: $719,2735,6

FY ending May 31, 2011: $599,9945

% Change: 19.9%

#21. Bruce Stillman, Ph.D.

Title: President

Institution: Cold Spring Harbor Laboratory

2011 calendar year: $745,552

2010 calendar year: $751,839

% Change: -0.8%

#20. Gerald M. Rubin, Ph.D.

Title: VP and Executive Director, Janelia Farm Research Campus

Institution: Howard Hughes Medical Institute

FY ending August 31, 2012: $782,366

FY ending August 31, 2011: $801,717

% Change: -2.4%

#19. Jack E. Dixon, Ph.D.

Title: VP and CSO, 2007–20137

Institution: Howard Hughes Medical Institute

FY ending August 31, 2012: $808,290

FY ending August 31, 2011: $794,421

% Change: 1.7%

#18. Eric S. Lander, Ph.D.

Title: Founding Director and Director of the Genome Biology Program

Institution: Broad Institute

FY ending June 30, 2011: $818,876

FY ending June 30, 2010: $712,468

% Change: 14.9%

Following is a list of 25 current or former senior executives of independent nonprofit research institutes, ranked by total compensation for the most recent two years such information was available as furnished by Form 990s filed annually by each institution with the Internal Revenue Service and made public through Guidestar.org and Foundation Center. In most cases, the most recent years available were fiscal years ending in 2011 and 2010. In isolated cases, no new Form 990s had been made public since last year.

Unlike the first edition of this list last year, the percent change in annual pay for each executive was listed. Perhaps reflecting continued pressure on the institutions and other nonprofits to account for executive pay, 10 of the top 25 compensated executives listed either received below-inflation-rate raises, or were paid less than the previous year.

However, another 10 executives listed saw double- or triple-digit pay raises, some of which included severance or payments from organizations related to the research institutions. In four cases, double- and triple-digit raises followed a promotion or extra responsibilities added on an interim basis.

Also unlike last year, the list was expanded beyond CEOs to include other senior-level executives, such as executive vice presidents, board chairs, and C-suite officers. The expansion explains why the top 11 highest-paid executives in this year’s list received total pay exceeding $1 million, compared with the top four CEOs in the 2012 list.

Executives on the list come from 13 research institutions. HHMI alone accounted for eight people, followed by Sanford-Burnham, Stowers, and the J. William Gladstone Institutes (two each), and one each for the other institutions. In some cases the listed chief executives have been succeeded by others; such leadership changes are detailed in footnotes. FY denotes fiscal year; CY denotes calendar year.

#17. R. Sanders Williams, M.D.

Title: President

Institution: The J. David Gladstone Institutes

2011 calendar year: $851,894

2010 calendar year: $862,505

% Change: -1.2%

#16. Sean B. Carroll, Ph.D.

Title: VP for Science Education

Institution: Howard Hughes Medical Institute

FY ending August 31, 2012: $886,4768

FY ending August 31, 2011: $362,2388

% Change: 144.7%

#15. Richard A. Pender

Title: Managing Director, Global Equities

Institution: Howard Hughes Medical Institute

FY ending August 31, 2012: $923,731

FY ending August 31, 2011: $858,787

% Change: 7.6%

#14. Cheryl A. Moore

Title: EVP and COO

Institution: Howard Hughes Medical Institute

FY ending August 31, 2012: $940,87810

FY ending August 31, 2011: $684,40911

% Change: 37.5%

#13. William R. Brody, M.D., Ph.D.

Title: President

Institution: The Salk Institute for Biological Studies

FY ending June 30, 2012: $946,823

FY ending June 30, 2011: $951,743

% Change: -0.5%

#12. Thomas R. Cech, Ph.D.

Title: Investigator

Institution: Howard Hughes Medical Institute

FY ending August 31, 2012: $985,112

FY ending August 31, 2011: $1,000,204

% Change: -1.5%

#11. Kristiina Vuori, M.D., Ph.D.

Title: President and Interim CEO12

Institution: Sanford-Burnham Medical Research Institute

FY ending September 30, 2011: $1,011,753

FY ending September 30, 2010: $522,93312

% Change: 193.5%

#10. David A. Welte

Title: EVP and General Counsel

Institution: Stowers Institute for Medical Research

2011 calendar year: $1,032,41413

2010 calendar year: $966,46313

% Change: 6.8%

Following is a list of 25 current or former senior executives of independent nonprofit research institutes, ranked by total compensation for the most recent two years such information was available as furnished by Form 990s filed annually by each institution with the Internal Revenue Service and made public through Guidestar.org and Foundation Center. In most cases, the most recent years available were fiscal years ending in 2011 and 2010. In isolated cases, no new Form 990s had been made public since last year.

Unlike the first edition of this list last year, the percent change in annual pay for each executive was listed. Perhaps reflecting continued pressure on the institutions and other nonprofits to account for executive pay, 10 of the top 25 compensated executives listed either received below-inflation-rate raises, or were paid less than the previous year.

However, another 10 executives listed saw double- or triple-digit pay raises, some of which included severance or payments from organizations related to the research institutions. In four cases, double- and triple-digit raises followed a promotion or extra responsibilities added on an interim basis.

Also unlike last year, the list was expanded beyond CEOs to include other senior-level executives, such as executive vice presidents, board chairs, and C-suite officers. The expansion explains why the top 11 highest-paid executives in this year’s list received total pay exceeding $1 million, compared with the top four CEOs in the 2012 list.

Executives on the list come from 13 research institutions. HHMI alone accounted for eight people, followed by Sanford-Burnham, Stowers, and the J. William Gladstone Institutes (two each), and one each for the other institutions. In some cases the listed chief executives have been succeeded by others; such leadership changes are detailed in footnotes. FY denotes fiscal year; CY denotes calendar year.

#9. David M. Chao, Ph.D.

Title: President and CEO

Institution: Stowers Institute for Medical Research

2011 calendar year: $1,180,91613

2010 calendar year: $1,006,40813

% Change: 17.3%

#8. Robert Tjian, Ph.D.

Title: President

Institution: Howard Hughes Medical Institute

FY ending August 31, 2012: $1,199,437

FY ending August 31, 2011: $1,143,070

% Change: 4.9%

#7. Roderick L. Sturgeon

Title: EVP and CFO

Institution: Stowers Institute for Medical Research

2011 calendar year: $1,209,82113

2010 calendar year: $1,149,15413

% Change: 5.3%

#6. Stephen M. Prescott, M.D.

Title: President

Institution: Oklahoma Medical Research Foundation

FY ending June 30, 2012: $1,249,438

FY ending June 30, 2011: $1,059,638

% Change: 17.9%

#5. Jeffrey M. Trent, Ph.D.

Title: President and Scientific Director

Institution: Translational Genomics Research Institute (TGen)

FY ending November 30, 2011: $1,346,435

FY ending November 30, 2010: $1,063,599

% Change: 26.6%

#4. Landis Zimmerman

Title: VP and Chief Investment Officer

Institution: Howard Hughes Medical Institute

FY ending August 31, 2012: $1,357,181

FY ending August 31, 2011: $1,134,467

% Change: 19.6%

#3. Richard A. Lerner, M.D.14

Title: President and CEO, 1991–201214; Researcher, Skaggs Institute for Chemical Biology, 2012–present Also served as director of predecessor organization, 1987–1991

Institution: The Scripps Research Institute

FY ending September 30, 2011: $1,370,494

FY ending September 30, 2010: $1,370,328

% Change: 0.01%

#2. John C. Reed, M.D., Ph.D.

Title: CEO, 2010-2013; President and CEO, 2002–201015

Institution: Sanford-Burnham Medical Research Institute

FY ending June 30, 2011: $1,476,406

FY ending June 30, 2010: $1,561,725

% Change: -5.5%

#1. Richard W. Brown

Title: Chairman, Board of Directors

Institution: Stowers Institute for Medical Research

2011 calendar year: $1,780,90213

2010 calendar year: $1,693,29713

% Change: 5.2%