As Mount Ida’s Debt Increased, So Did Its Executives’ Pay

Pay and other compensation for Mount Ida College's president and other executives increased while its increasing debt load threatened to drive it out of business.
The board of trustees of the small college in Newton kept approving significant increases in salary for president Barry Brown and other leading officials during the last few years leading up to the college's decision to close and sell the campus to the University of Massachusetts, according to the Boston Business Journal.