Genetic Engineering and Biotechnology News released its list of the 20 Top-Paid Research Institute Leaders of 2014 on Monday, and San Diego-based researchers claimed seven of the top 20 spots, with four in the top 10.
The list of current or former senior executives of independent nonprofit research institutes is ranked by total compensation for the most recent two years information was available from Form 990s filed with the Internal Revenue Service and made public through Guidestar.org and Foundation Center.
Taking the No. 2 spot on the list was Richard Lerner, former president and CEO of The Scripps Research Institute and a current researcher with Scripps’ Skaggs Institute for Chemical Biology. For the fiscal year ending Sept. 30, 2012, Lerner earned $1,370,560, relatively unchanged from fiscal year 2011 in which he earned $1,370, 494.
Lerner was only topped by Stephen Prescott, president of the Oklahoma Medical Research Foundation, who earned $1,908,383 in fiscal year 2013.
Other local leaders at the top of the pay charts include John Reed, CEO of the Sanford-Burnham Medical Research Institute from 2010-2013 when he resigned to become the head of Roche Pharma Research and Early Development. He took the third spot, earning $1,369,926 in the fiscal year ending June 30, 2012.
Kristiina Vuori, president and interim CEO of Sanford-Burnham, claimed the sixth spot with $1,102,890 earned during the fiscal year ended Sept. 30, 2012, and William Brody, president of the Salk Institute for Biological Studies, was ranked seventh with $946,823 earned in the fiscal year ended June 30, 2012.
J. Craig Venter, founder of the J. Craig Venter Institute was No. 14 with $646,969 earned in calendar year 2012; Richard Houghten, founder of the Torrey Pines Institute for Molecular Studies was 16th on the list with $475,623 reported in the fiscal year ended June 30, 2013; and Mitchell Kronenberg, president of the La Jolla Institute for Allergy and Immunology took the 17th spot with $463, 028 earned in the 2012 calendar year.