And the answer depends on a combination of state laws and individual district policies. The Underpaid Educator By William G. Cunningham and J. Brent Sperry Educators earn less than professionals in business, industry, and commerce. The bonuses, stock options, and other perks that many middle-level managers receive can boost their career earnings by hundreds of thousands of dollars over similarly qualified people in public schools. Bonuses allow businesses to reward employees selectively on the basis of company and individual performance without establishing a fixed salary increase. Lucrative bonuses dominate executive compensation plans, and they are increasingly being given to middle managers as well.
Stock options are also a part of the compensation plan for corporate managers.
According to a 2000 study, more than 80 percent of middle managers receive standard stock options through which they can purchase stock at a set price regardless of the stock's market price. Other perks not normally included in pay comparisons include health club and country club memberships, large expense accounts, favorable retirement structures and benefits, and extensive insurance coverage. The average compensation for superintendents is a far cry from the average for CEOs. There is a significant difference in salary alone, but when you take into account bonuses and stock options, the gap explodes. Median total CEO compensation is 25 times that of a school superintendent.