Columbia Endowment CEO's Pay Falls to $3.8 Million in First Year

Peter Holland was promoted to run endowment in October 2016
His pay was $4.1 million in 2016 when he was primarily CIO

Students and pedestrians walk outside the Low Memorial Library at the Columbia University campus in New York.Photographer: Daniel Acker/Bloomberg

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By Sammy Criscitello

June 21, 2019 at 3:18 PM UTC

This article is for subscribers only.

Columbia University paid the head of its endowment $3.8 million in 2017, a decline from the year earlier despite having promoted him to run the investment office.

Peter Holland’s compensation fell 7.3% from 2016, driven in part by a cut in his performance bonus, according to the university’s tax filing. Columbia has an $11 billion endowment.