This is disgusting and shameful. They should be embarrassed. Do they have more important jobs than the President of the nation? More stress and responsibility? More lives hanging in the balance of their decisions? There is no justification for these salaries, regardless of the state of the economy. As for Penn not being supported by federal dollars, can Lori Doyle explain all of the federal research grants? That's why the Law School has to accept military recruiters despite don't ask don't tell - to keep the federal dollars coming in.

When will Amy return the shameful 40% raise she got last year? Cuts need to be from the top down, not the bottom up!

Amy Gutman's salary is but a tiny percentage of the University's annual operating budget. I see nothing wrong with high ranking executives of any nature receiving large salaries so long as a) their salaries are not detrimental to their institutions and b) they continue to do their jobs in such a manner as the institutions benefit from their leadership. So stop judging, stop trying to interfere in others' business, and stop trying to regulate private affairs.

Obviously the individual who posted above is one of the clueless and greedy idiots (probably from Wharton no doubt) who caused our caused our catastrophic economic collapse. And now they have the audacity to have an attitude? Let me give you some advice - sit down and shut up; the party is over. We're all sick and tired of out of touch executives and their lame excuses. Where's the accountability and responsibility? It's everyone's business to do the right thing and make sure to identify and report waste, fraud, and abuse. This is one alumnus who will not give one dime to Penn until something is done about these bloated salaries and unjustified increases. A 40% salary increase in one year is not normal - it's abusive. If she has any ethics, she will rescind the entire raise and go back to her previous salary, especially in light of the fact that she is telling others at the University to cut their budgets.

The posters are angry at the wrong person, while Gutman and other corporate / educational leaders could "give back" a portion of the salary, the compensation numbers are set by the Board of Directors or Trustees. You have to be crazy if you think that Gutman became Penn's President for the salary, or any of the bank executives got there because they wanted a huge salary. The compensation for top traders and bankers is significantly higher than the bank CEOs and Amy could be making more money with fewer hours in other persuits that don't involve selling your soul to wealthy alums.

We live in a meritocratic, capitalistic society. The idea is that, if you invest in yourself (through education and experience), work hard and are successful, the sky is the limit insofar as salary and benefits are concerned. While I agree that failing leaders should be removed (and find it hard to believe that some banks still employ the CEOs who led them to ruin), as should failing employees, no one should begrudge a hard working individual the right to make as much money as s/he is able (and thus I applaud successful CEOs and even Amy Gutman not only for their success but also for their contributions to society). If you don't like it, tough; feel free to move to some socialist backwater.

The ones posting about the sky is the limit are completely out of touch with current realities. When 1% of the population has 99% of the wealth, something is really wrong and is why our country has been brought to its knees. As much as a minimum wage is necessary, so is a maximum wage. Other staff at Penn fall into salary ranges, and so should Amy. I think it's long overdue for the Wall Street and Wharton types to stop making love to themselves in the mirror long enough to start seeing the big picture and focusing on a greater purpose beyond your own selfish lives. Society is fed-up with your narcissism. Finally, if we live in a capitalistic society, then weak and mismanaged companies must be allowed to fail and die. No corporate welfare, no bailouts, no excuses. But obvious you don't want accountability - you preach one thing and but do the exact opposite.

Oh boy, an ad hominem. This is going to be fun. First of all, you assume something I didn't say and in fact while my post implies the opposite. I agree with you. No corporate welfare. No bailouts. No excuses. You fail, you lose. You lead your company into bankruptcy, you're out. You lose or waste your company's money, you're out. I absolutely agree with you. Failed companies will quickly be replaced by viable companies. As for a pay cap: are you joking (because I really kind of hope you are)? Think about what you said. Let's pretend for a moment that you are a factory worker making widgets. Let's say that you receive one dollar for each widget made per day, with a company-mandated minimum of five widgets (five dollars) and a maximum of twelve widgets (twelve dollars). If you are an exceptional employee, you have no financial motivation to fabricate widgets thirteen, fourteen and fifteen. You lose money, and the company loses money, as they have to hire an additional employee to make those widgets you aren't. Narcissism? Another ad hominem? Arguing that persons who work exceptionally hard and contribute exceptionally to society (i.e. develop an efficient corporate model to deliver foodstuffs at reduced prices which benefits everyone) are narcissistic because they have actually benefited society is contradictory to say the least. Now I agree: these failed CEOs need to be ousted. They have failed, so they need to go. But those successful businessmen, doctors, etc. who provide a valuable service to society should be given compensation proportionate to their responsibilities, their skill sets, and their contributions.

Hmm... Derek Bok was president of Harvard in the seventies and eighties, and was interim for less then a year in 2006-2007. Drew Gilpin Faust has been president since Summer of 2007. Might it be time to get your facts straight, DP? ...Faust was a professor at Penn for 25+ years! We should be proud to have her as legacy, not shortchanging her academic accomplishments!

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