I seem to recall that Pocahantas’ base salary at Harvard was something like $370K/yr, and that’s before her speaking fees, book deals, and consulting gigs kick in.
I also seem to recall that Graham Spanier (the president of Penn State during the Sandusky Boy Lollipop scandal) was pulling down around $600K/yr, plus all kinds of sweet bennies.
All this while they rail about income inequality and the nastiness of corporations and capitalism.
Yeah, when we get that down to 40K plus a free apartment in a Soviet-style faculty dorm, we will be on the right track. :)
“From 2009 to 2012, executive compensation at public research universities increased 14% to an average of $544,554, while compensation for presidents at the highest-paying universities increased by a third, to $974,006.”
...............
From FY 2006 to FY 2012, spending on nonacademic administration rose 65%, much faster than spending on scholarships in the top 25, says the report.