Clarification

This article has been corrected. You may view this article’s correction here.

Following a story published Thursday disclosing Yale Chief Investment Officer David Swensen’s salary, administrators provided more information about how the University compensates him. In Yale’s most recent tax filing, it was disclosed that Swensen received $1.7 million in total compensation and $1 million in benefits and deferred compensation, including an unspecified amount deferred but not yet vested. Officials said Thursday that virtually all of that latter category consists of deferred compensation that will vest in future years only if Swensen remains at Yale, and when the money vests, it will be included in his total compensation on the University’s subsequent tax filing. The same applies to Dean Takahashi, Swensen’s deputy in the Investments Office, whose salary was also reported yesterday.

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