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23 college presidents paid more than $1M
In the 2007-2008 academic year, 23 private college presidents earned more than $1 million in pay and benefits, The New York Times reported Monday.
In 2002, there were four U.S. college presidents earning more than $800,000 and none earning more than $1 million, the Times said.
Last year's top salary for a college president was $1,598,247, paid to Shirley Ann Jackson, president of Rensselaer Polytechnic Institute in Troy, N.Y. The second highest compensation package went to David Sargent, president of Suffolk University in Boston.
Sargent was paid a total of $1,485,275. For the year, the annual survey found the median compensation paid to college presidents was $627,750.
"I think the answer you'd get from the governing boards that set these salaries is that it's a market and it's increasingly hard to find these people," said Jeffrey Selingo, editor of The Chronicle of Higher Education.
"That said, almost every year, presidential salaries have gone up faster than inflation, and faster than tuition, which rankles some people on campus," he said.
Copyright 2009 by United Press International
This news arrived on: 11/02/2009
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Posted Comments:
11-03-2009 09:17
wrote:
What kind of class load do they carry? Is this a strictly administrative position? What exactly does a Pres do? I think it is mostly interfacing the political forces that brush up against tenured profs. In short, just more of a BS position than a working position. You know the type, expounding vision without clue one as to what it would take to reach that view of utopia. Seems like a lot of dough. However, if approached I would force myself to take the job. LOL
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