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23 College Presidents Paid More Than $1M
United Press International
U.S. college presidents making more than $1 million are becoming more commonplace, a Chronicle of Higher Education survey indicates.
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.
japtar10101
14 days ago
14 comments
@Jonny_Utah -- "Did you go to this school?"
Actually, I currently go to this school. It was exciting to see the applicants double, and see new buildings take place.
Not surprisingly, she isn't popular on campus. People argue that she's "out of touch" with the general student population, and for the most part, I have to agree. A bull pave its own road, but nobody is going to follow.
tt_dakota
14 days ago
8 comments
we had an issue like this, not exactly a president making a million + but what he did with it, and what he did with the schools money at NDSU in Fargo.
Jonny_Utah
14 days ago
86 comments
Did you go to this school?
japtar10101
16 days ago
14 comments
It's worth noting that Rensselaer Polytechnic Institute, the college with the top-paying college president, DID have a 100% employment rate during the Spring 2009 graduation. I wouldn't brush off Shirley Ann Jackson's salary as simply arrogance. She's amazing at advertising.
editor
21 days ago
128 comments
Seems suspect