07-17-2014, 01:08 PM
Um, yeah, I think Hennessey is part of a very small club of college presidents who are wealthier than the coaches of their football teams. I wonder how many presidents can say that? Maybe it's not as uncommon as I think, if there's a trend to hiring well-connected president's to drive fund raising.
A WSJ article from 2007: http://online.wsj.com/news/articles/SB11...2853917727
A WSJ article from 2007: http://online.wsj.com/news/articles/SB11...2853917727
Quote:Mr. Hennessy's November haul included a $75,000 retainer from Cisco Systems Inc., CSCO -1.35%Â on whose board he sits, plus $133,000 in restricted Cisco stock, proceeds of $452,000 from selling stock in Atheros Communications Inc., where he is co-founder and chairman, and a $384,000 profit from the exercise of Google Inc. GOOG +0.32%Â stock options. He sits on Google's board.
Quote:In the past five years, through exclusive investments and relationships with companies, Mr. Hennessy has collected fees, stock and paper stock-option profits totaling $43 million, securities filings show. That dwarfs his $616,000 annual compensation at Stanford, where he has been president since 2000.
