Posted on 11/15/2010 6:35:05 AM PST by STONEWALLS
The club of private college and university presidents earning seven figures is getting less exclusive.
Thirty presidents received more than $1 million in pay and benefits in 2008, according to an analysis of federal tax forms by The Chronicle of Higher Education. More than 1 in 5 chief executives at the 448 institutions surveyed topped $600,000.
Most of the pay packages were negotiated before the full force of the recession. But even if the numbers dip slightly in next year's survey, executive pay is expected to keep climbing over the long term as colleges compete for top talent. And schools are rewarding executives while raising tuition, exposing themselves to criticism.
At large research universities, the median pay was $760,774; it was $387,923 at liberal arts colleges and $352,257 at undergraduate and graduate colleges and universities.
(Excerpt) Read more at foxnews.com ...
A more apt description would be the number of faculty. Students can be employees, see TAs, but are more akin to customers.
This is another joke...the money spent on education expands in direct relationship to the amount available. College Presidents have no more right to be extorting this money from students than I do.
This of course is the tip of the iceberg, the whole administration portion of any educational experience is out of whack. At the secondary level, take a visit to your local school, notice the number of administrations, dean of this, assistant dean of that. Granted I went to school a half century ago yet at that time there was a principal, vice principal, and two deans, one of boys, one of girls. My three year high school had 1800 students and 90% went on to college, every year. Same school today has the same number of students and three times the number of senior administrators.
Your tax $$ at work. Sorry, this is way too much for a state employee since you can get people to do it for far less.
If it is a private school, fine but public schools should not be paying those types of salaries. Cut the faculty pay too and make it affordable.
Pray for America
The quality of education seems to be in inverse proportion to the size of the college president’s pay.
Big money to teach liberal garbage?!?!
The real cost of education is the bloated administrations created to support government regulation. Like all administrations they take the government requirements and expand on them logarithmically.
Please compare with the salary of state governors who have many, many more employees.
The jig is about up on the college tuition/state and federal funding scam. The higher education financial "bubble" is about to burst.
I certainly hope so, but it won’t burst easily. One of the primary functions of the bloated, expensive academic system is to employ a horde of otherwise unemployable liberals (this is a function shared with many government agencies, BTW). They tend to cover for each other; hence, the libs in the MSM haven’t been eager to expose waste and corruption in this arena.
30 Presidents? The most should be five.....Harvard, Cornell, Yale, GWU, and maybe Stanford. Only the best of the best universities should have their Presidents paid that amount.
“The jig is about up on the college tuition/state and federal funding scam. The higher education financial “bubble” is about to burst.”
I pray you are right! Long overdue.
“Please compare with the salary of state governors who have many, many more employees.”
...I get what you’re saying...but part of a governor’s ‘compensation’ is being able to profit from the position....steering contracts, road construction ect...it’s not right, but that’s the way they do it behind closed doors.
...OTOH the president of a large university has all the headaches of a large corporate CEO...plus he’s also responsible to provide food, shelter, security, transportation ect...just the logistics of keeping the campus running is a huge responsibility...not to mention keeping the alumni happy, keeping the grant money flowing and getting state legislature to earmark money for construction.ect...I can see where some presidents are making 7 figures...they would definately get that much running a large company.
PS ...we had the president of a small liberal arts college in our church...he used to say “I’m nothing but a professional beggar” because he had to spend so much time fund raising.
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