Big Wins Translate to CEO-Level Pay for College Football Coaches
Winning isn’t everything: It’s the only thing that gets college football coaches the biggest paychecks. Now we know just how big.
Success on and off the field means windfalls comparable to those earned by chief executives of multinational companies, according to a Bloomberg analysis of employment contracts provided by the schools.
“Top football coaches run big enterprises,” said Jed Hughes, a vice chairman at executive recruiter and leadership advisory firm Korn/Ferry International and a former coach for teams including the Michigan Wolverines and Pittsburgh Steelers. “Coaches and CEOs alike must be able to engage and inspire, and create a climate in which people are motivated to do their best.”
To see how coaches at the top-ranked public programs in the U.S. stack up against chief executives in their states, we calculated how much they’d earn if their teams won conference and national championships and excelled academically. We then compared those figures with the 2015 reported compensation for CEOs of publicly traded companies. – READ MORE