Ranks of millionaire college presidents grow

[somone]

http://www.google.com/hostednews/ap/article/ALeqM5hyiWp-tLCgxjTtKdtGiHFuCmyz4Q?docId=7a314ad661e744d89e840b9af18b7cc8

Ranks of millionaire college presidents grow

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. 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. The highest paid executive in the Chronicle survey was Bernard Lander, who founded Touro College in New York in 1970. Lander received a compensation package of nearly $4.8 million...

In 2007-2008, 23 presidents received more than $1 million. As recently as 2004, no college president had broken the seven-figure threshold. While some presidents on the latest list lead ultra-selective schools such as Columbia, Yale and Penn, executives from schools such as the University of Tulsa and Chapman University in Orange, Calif., are on it, too. Not all the most elite schools are represented, either. The presidents of Harvard, Princeton and Johns Hopkins all were paid in the $800,000s.

David Warren, president of the National Association of Independent Colleges and Universities, said in a statement that salaries reflect supply and demand, and that presidents' jobs have become more demanding... Still, public confidence in higher education erodes when tuition and presidential pay are both rising, said Patrick Callan, president of the National Center for Public Policy and Higher Education. "People see higher education as another institution that takes care of the people at the top first," he said...

Public college presidents generally earn less than their private counterparts. Only one public university president topped $1 million in 2008-09 — Ohio State University president Gordon Gee brought in $1.5 million. Then there are for-profit colleges, which are under fire for their heavy reliance on federal student aid money and high student loan default rates. Strayer Education Inc. paid chairman and CEO Robert Silberman $41.9 million last year.

[Hannah Bell]

1. same thing as with businesses; these guys didn't use to make so many multiples of faculty salaries.

the ptb are paying them off to enact the grinding of the working class.

they use this tactic *everywhere*:

- in third world countries the compradors skim off millions, their masters extract billions in resources, while the masses starve
- in corporations management is well-paid to grind the workers & play them off against each other
- in academe there were always lots of politics, but it's been the last 20-odd years when the top salaries seemed to get proportionally out of control.

they skim off one section, pay it very well & give it lot of perks, tell it how smart it is -- then tell it to grind everyone else & set them into competition to gain the boss's favor.

which most of the bastards do without much hesitation.

[Initech]

2. I have a new name for these scum-sucking CEOs: Leeches.

[aquart]

3. Yes, folks. Donations to your alma mater go to the CEO.

Makes yuh feel like giving, doesn't it?

[notesdev]

4. Good news! Higher tuition every year

just a coincidence though, I'm sure. Who would be so evil to jack up student debt levels in order to pay an executive an obscene salary?

[whoneedstickets]

5. The pay structure of higher ed is following corporate America toward inequality

There are highly paid executives, VP's, Deans and Chancellors and then ranks and ranks of low paid transient adjunct faculty. All the while the right wing attack tenure. Heck even some on this forum attack tenure.