THE BATTALION Paae 9
THURSDAY, SEPTEMBER 21, 1978 3
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Demand and pay
rising for execs
Harvard first in snob appeal, study says
Schools rated on prestige, faculty pay
United Press International
CHICAGO — A study of execu-
e compensation offers incentive
every college student who as-
es to make it in business,
lop U.S. companies paid their
iefexecutive officers an average of
02,000 in 1977 and the demand
executives is up.
Despite the decline in the
onomy, total compensation — sal-
y, bonus, deferred compensation
d director’s fees — for chief
ecutives hit a record high last
|ar. They earned 13.1 percent
than they did in 1976.
2) 682-3jtBWytmar & Co., international
nearest Jenitive recruiting consultants,
piled the figures from 790 major
“'^•Ww-Rporations.
nnel| , i
er8140leverage total compensation
>r wth $. inged from $138,000 a year for
puipment pmpanies with $50 million to $100
I all 6 pkj Illion sales volume to $552,000 for
or more Ijor corporations with sales over
11 billion a year.
i2(X), ;| ^ lAnother survey indicates demand
■■executives rose to a nine-year re-
'ulat^rTwd in ^ rst half of 1978, gaining
5|ercent over the high level of the
|i half of 1977.
Executrend, a study of newspaper
play advertising in major mar-
ized
Executives in the northeast
we paid the best, averaging
332,000, followed by mia-
)estern executives averaging
305,000.
Is, conducted since 1954 by Heid-
|k and Struggles, executive selec-
n consultants, also showed de
ad for the first six months of this
laris 15 percent ahead of the same
rel top j] | no ^ l ast year.
n I‘Particularly at the top levels,
lere are more multibillion dollar
rporations seeking presidents
jan at anytime in the history of the
m,” said Gerard R. Roche, presi-
nt of Heidrick and Struggles.
‘OvsevAoTS are demanding excel-
nee at the top levels and are not
$270,
:ellent i
ir All
3. Cars
Painting
IOTOR
'INC.
/ice Since
-823-fll
hesitating to go outside,” Roche
said.
The era of the million-dollar
executive finally arrived as four
chief executives earned in excess of
$1 million in 1977,” Wytmar said.
A heavy industrial construction
firm paid the most, $1.1 million, fol
lowed by an ethical drug firm, a
movie maker and an automotive
manufacturer.
“Fifty-six percent of the chief
executives earned $100,000 to
$300,000, while 30 percent were
paid $300,000 to $500,000 a year.
Executives in the consumer
personal products industry
earned the most, averaging
$476,000 last year.
Only 3 percent of the CEO’s earned
in excess of $700,000 per annum and
2 percent earned less than
$100,000.”
Executives in the consumer per
sonal products industry earned the
most, averaging $476,000 last year.
Chief executives of conglomerates
followed with average pay of
$459,000. Heads of electric and
telephone utilities received the
least, $179,000, while bankers re
ceived $185,000 for second to last
earnings.
Executives in the Northeast were
paid the best, averaging $332,000,
followed by Midwestern executives
averaging $305,000. Lowest-paid
were Southeastern executives who
averaged $222,000.
Highest average compensation of
$384,000 a year was received by of
ficers in New York, followed by
Connecticut, Michigan and Illinois.
The average chief executive of
ficer was 57 years old, had worked
for the firm 24 years and had been
head of it for eight years. Thirty-four
percent were born in the Midwest,
followed by 28 percent in the
Northeast.
Thirty-eight percent of the largest
firms are in tVie Northeast and 28
percent are in the Midwest.
United Press International
A new guide to college tells all the
usual things — and then rates the
schools according to snob appeal
and social achievement. It also blabs
about teachers’ salaries.
The social prestige, or snob ap
peal, is based on the number of so
cial register types who studied at a
particular college. The social
achievement? Figured on the
number of graduates who made it to
“Who’s Who.”
When it comes out at the end of
the month, the “Hawes Com
prehensive Guide to Colleges’’
(New American Library), will cause
joy in Cambridge, Mass., and sad
ness in New Haven, Conn., and
Princeton, N. J.
The three towns are the homes of
Harvard, Yale and Princeton, for
centuries passionate rivals.
Harvard comes in number one in
snob appeal, having the top count
on links to the social register. Yale is
second and Princeton, third.
The ranking is the same on social
achievement.
Following Princeton in the “top
social prestige” category are the
University of Pennsylvania, Univer
sity of Virginia, Williams College,
University of California at Berkeley,
and Stanford University, in that or
der.
And in the top social achievement
category, after Princeton are listed
Columbia University, University of
Michigan, University of California
at Berkeley, Northwestern Univer
sity, University of Illinois at
Urbana-Champaign, University of
Minnesota of MinneapolisSt. Paul;
Also: University of Wisconsin at
Madison, Dartmouth College, City
College of New York, Cornell Uni
versity, University of Pennsylvania,
New York University and Univer
sity of Texas at Austin.
At the top, mean salaries, a way of
figuring, puts in the number one
spot the University of Alaska, Fair
banks, $27,800. Harvard is second
with $27,200.
After that, in descending order,
the big salaries include: California
Institute of Technology, $25,700;
it
THE MSC ARTS PRESENTS
TOAD THE MIME
5 5
xM To*
lor Milf
S'JMI®
NTH>
Fri. Sept. 22
8:00 p.m.
Rudder
Theater
*2.00
All Students
*3.00
Non-Students
Under 6 Years
Free
EXTRA: Master Mime Class in Room 308 Rudder Tower
Thurs., Sept. 21, 6:30 till 10:30. Price: $2.00
All Tickets At Box Office
joking
jduals
iurdf
al, ii’’
Icoffl®
coni'
imeni
nts i"
■ pro 1
s pi' 5 ’
ntke
,400
sur-
jro-
oer-
City University of New York — City
College, $24,800; University of
Chicago, $24,200; University of
Alaska, Anchorage, $24,100; Canal
Zone College, Canal Zone, $23,800.
Yale comes in at $20,000 and
Princeton, at $19,800.
Hawes, who has been compiling
guides to schools for 25 years, said
he’s put in all this new information
to help prospective students and
their parents answer the question:
How good is college X?
“Most often veiled behind the
question is another: “How does col
lege X rate in social prestige — or
snob appeal?”
This concern, according to
Hawes, is understandable when one
considers a bachelor’s degree now
costs $30,000 or more at a prestige
school, and is expected to be priced
at around $40,000 by 1982.
“This real concern is perfectly
understandable,” he said.
“Associating with persons of high
social status is, of course, widely
taken to be good in itself — almost
conferring a kind of divine grace —
and also a way of making valuable
connections.
“The social prestige ratings of col
leges coast-to-coast . . . document
where many thousands of members
of America’s upper-class families ac
tually attend or have attended.
“These ratings are based on the
1977 edition of the ‘Social Register
published by the Social Register As
sociation in New York.”
But in America, he noted, many
persons attain high social position
on the strength of their own abilities
generally — without being born into
social register status.
That s why he went to “Who’s
Who in America,” 1976-77, Thirty-
ninth Edition for information on
schools attended by the 70,000
listed.
“Th is has long been recognized as
the country’s foremost source of
biographical information about indi
viduals of power, influence and ac
complishment,” he said.
Faculty salaries also are some
thing to consider when selecting a
college, as Hawes sees it.
“As a general rule, the higher the
pay, the better qualified the
employee,” he said.
TAMU MSC TOWN HALL
SERIES ATTRACTION #1
SEPTEMBER 29. 1978
G. ROLLIE WHITE
COLISEUM
8:00 P.M.
f un ] T | CKETS & INFO:
V_ZilJ CALL MSC BOX OFFICE 845-2916
Tickets Reserved
A&M
Student 4.00/4.50
Non A&M
Student Date 4.00/ 4.50
General
Public
General
Admission
Free
w/ticket
3.00
6.00/6.50 4.00
SCARIEST COMEDY
ALL TIME IS BACK.
I \;
mm
•Xl/s
f MSC
'v Cafeteria
At Last Year’s Price, You Will Be Pleased With
These Carefully Prepared and Taste Tempting Foods.
Each Daily Special Only $1.69 Plus Tax.
“Open Daily”
Dining: 11 AM. to 1:30 P.M. —4:00 P.M. to 7:00 P.M.
MONDAY EVENING
SPECIAL
Salisbury Steak
with
Mushroom Gravy
Whipped Potatoes
Your Choice of
One Vegetable
Roll or Corn Bread and Butter
Cotfee or Tea
TUESDAY EVENING
SPECIAL
Mexican Fiesta
Dinner
Two Cheese and
Onion Enchiladas
w/chili
Mexican Rice
Patio Style Pinto Beans
Tostadas
Coffee or Tea
One Corn Bread and Butter
WEDNESDAY
EVENING SPECIAL
Chicken Fried Steak
w/cream Gravy
Whipped Potatoes and
Choice of one other
Vegetable
Roll or Corn Bread and Butter
Coffee or Tea
THURSDAY EVENING SPECIAL
Italian Candle Light Spaghetti Dinner ^j-x=r^
(ilPni*) SERVED WITH SPICED MEAT BALLS AND SAUCE
Parmesan Cheese - Tossed Green Salad
Choice of Salad Dressing - Hot Garlic Bread
Tea or Coffee
FRIDAY EVENING
SPECIAL
BREADED FISH
FILET w/TARTAR
SAUCE
Cole Slaw
Hush Puppies
Choice of one
vegetable
Roll or Corn Bread & Butter
Tea or Coffee
SATURDAY
NOON and EVENING
SPECIAL
Chicken &
Dumplings
Tossed Salad
Choice of one
vegetable
Roll or Corn Bread & Butter
Tea or Coffee
SUNDAY SPECIAL
NOON and EVENING
ROAST TURKEY DINNER
Served with
Cranberry Sauce
Cornbread Dressing
Roll or Corn Bread - Butter -
Coffee or Tea
Giblet Gravy
And your choice of any
One vegetable
i i m
starring
YOUNG FRANKENSTEIN GENE WILDER PETER R0YLE
MARTY FELDMAN • CL0RIS LEACHMAN ...TERIGARR
,t,SKENNETH MARS .MADELINE KAHN
piodui Hi Dy (lllPftPd by M IHPII till y ,in/1 . 'WipUy h,
MICHAEL GHUSK0FF MEL BROOKS «MEL BROOKS _
xrisr::; mary w. .ley john morris m r. mnm - jo**
PARENTAL GUIDANCE SUGGESTED
SOME ma T f rial may not bf j*-*.
suitable for pre teenagers
Soundtrack available on ABC Records & GRT Tapes
Thursday, September 21
8 S 10:30 PM., 31 Si ID.
Rudder Theater
A MSC Cepheid Variable Presentation