college president

college president

College Presidents with Million-Dollar Salaries

Thirty college presidents earned over $1 million in the 2008 fiscal year, according to a salary report by The Chronicle of Higher Education.  That’s quite a jump from the previous year’s 23.

On the other hand, 78 percent of college chiefs’ salaries were under $600,000 in 2008 and roughly half of them received less than $400,000. In 2007, 82 percent of the presidents’ compensation packages were under $600,000, and 58 percent received less than $400,000.

“As usual, there are a few outliers,” Jeffrey Selingo said, editor of The Chronicle. “When looking at the very big numbers, there’s always a lot of reasons why those people got such high compensation packages.”

With kickbacks of more than $50 million, Selingo gathered salary data from the tax filings of 448 private colleges. The Chronicle’s survey comes at a time of increased tuition rates amid an economic crisis, and it’s likely that this report will spark debates on whether or not college presidents are paid too much.

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Time Magazine’s Ten Best College Presidents

Ohio State University president, Gordon Gee

Ohio State University president, Gordon Gee

Time magazine just released their list of the country’s ten best college presidents. The notables that made the list come from a mix of colleges and universities from throughout the country. Some of them manage some of the nation’s largest public universities in states that are suffering dearly from the economic recession and others have made great strides to turn their schools into the greenest academic institutions in the country.

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