thumbs up for a milli milli milli

Whoa, that’s a lot of money: $1.3 million in total compensation for the prez in 2006.  This was the same year that the school promised Sexton’s salary wouldn’t go up, which isn’t a lie, but rather wildly deceptive - his base salary stayed the same, but his other forms of compensation went up drastically.

Which, considering some of the other folks on NYU’s Board of Trustees, is pretty tame.  Here’s some info on the folks in charge, and their stance on pay:

Martin Lipton, who is the head of the committee that voted for Sexton’s raise, defended fellow Trustee Ken Langone in a legal spat with the Attorney General of New York, who was investigating Langone for giving buddy Rich Grasso a $140 million pay package for heading up the non-profit New York Stock Exchange.

THEN there’s Trustee Cathryn Reynolds, who is the CEO of student loan company EduCap, which is being investigated by the IRS for - you guessed it - being a non-profit acting like a for-profit company, including providing huge compensation for their CEO.

ALSO there’s good ol’ Barry Diller, who in 2006 had a record $300 million payday as the CEO of InterActive Corp.

So, Sexton’s salary lies somewhere between ‘par for the course’ and ‘chump change’ to these folks. 1.3 million is probably just the tip of the iceburg, considering that that figure comes from 2006 - we’ll have to wait until 2010 to learn about Jsex’s payday during the downturn.