gaston caperton

gaston caperton bw

William Gaston Caperton III (born February 21, 1940) was the 31st Governor of the U.S. state of West Virginiafrom 1989 until 1997. He was the president of the College Board, which administers the nationally recognized SATand AP tests. Caperton announced his intention to step down as president of the College Board effective June 30, 2012. He is a member of the Democratic Party.

via huffington post:

Gaston Caperton is the eighth president of the College Board, a not-for-profit membership association founded in 1900 that consists of more than 5,700 of the nation’s leading schools, colleges and universities, and other educational organizations. Each year the College Board serves over seven million students and their parents, and hundreds of thousands of teachers, school counselors and administrators in more than 23,000 high schools and 3,800 colleges across America. A former tw0-term governor of West Virginia, Caperton was appointed to his current postion in 1999.

via Bloomberg:

The president of the College Board, the nonprofit owner of the SAT entrance exam, has seen his compensation triple since 1999 and now gets more than the head of the American Red Cross, which has more than five times the revenue.

The value of Gaston Caperton’s compensation was $1.3 million including deferred compensation in 2009, according to tax filings, also surpassing that of the president of Harvard University. Richard Ferguson, the now-retired chief executive officer of rival testing companyACT Inc., got compensation valued at $1.1 million. Nineteen executives at the New York- based College Board got more than $300,000.

The companies don’t pay corporate taxes because of their nonprofit status. Each year, several million students take their exams, which generate revenue through fees. Seven states fund the Preliminary SAT and seven more will pay for the ACT this school year, according to their departments of education.

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Gaston on college board via bigthink – video