PUT THE DEPOSIT OF FAITH IN CDS

At Elite Prep School, Parents Do the Math (Wall Street Journal, 8/25/2003)

In discussing his pay as headmaster of the elite St. Paul's prep school, Bishop Craig Anderson is fond of invoking a biblical maxim: Of those to whom much is given, much is expected.

The Episcopal clergyman has been given much. Last year Mr. Anderson, whose official title is "rector," made $524,000 in salary, benefits and deferred compensation -- more than most college presidents. That doesn't include the seven-bedroom, 14,062-square-foot mansion that St. Paul's provides for him or the $32,000 stipend for his wife to assist in his official duties.

That compensation package has sparked an ugly fight at this genteel boarding school ...

Critics have attacked the school's vice rector, Sharon Hennessy, for her $316,400 in total compensation and the perks of her position, including a stipend for her spouse, membership in the upscale Canyon Ranch spa and an annual two-week summer sojourn on the French Riviera....

The 61-year-old rector says he's "baffled" by the complaints....

Since they joined St. Paul's, Mr. Anderson's total compensation has more than doubled; Ms. Hennessy's has gone up 79%. The school underwrites the rector's membership in a golf club in Maine and pays for business-class travel with his wife to raise funds from alumni in Europe and Asia. As part of his total compensation, St. Paul's also paid $25,000 a year for his daughter to attend the University of Chicago.

Old Gospel: "Silver and gold have I none, but such as I have give I thee: In the name of Jesus Christ of Nazareth rise up and walk." (Acts 3:6)
New Gospel: "Silver and gold I will have, plus mansion, education, and luxury vacation."
Old Gospel: "If we have food and clothing, we shall be content.... For the love of money is the root of all evils." (1 Timothy 6:8,10)
New Gospel: "I can't imagine why anyone would challenge my well-deserved income. Their attitude is baffling!"

By the way, have you heard the Episcopal Church's new definition of "Apostolic Success-ion"? Posted by Paul Jaminet at August 25, 2003 12:35 PM