I would like to see a chart showing the heads of these colleges salaries from 1978 onward. This would explain much.
CEO salary has gone up nearly 1,000%
http://www.epi.org/publication/ceo-pay-continues-to-rise/
Let me repeat that...University president's private jet.
Private jets cost $3 million to $90 million bucks and depending on size between $700,000 to $4 million per year to operate.