Monday, November 14, 2005

College Presidents' obscene salaries

The Chronicle of Higher Education is set to release the salaries of presidents at universities today. This list is topped by the president of Lynn University, who received over $5 million dollars in 2003-4.

Wow! The numbers here are shocking! 50 presidents earn over $500,000 a year at private institutions. 23 earn that much at state schools.

The compensation race is just ridiculous, but this is a huge issue outside of academia as well. It clearly has trickled down, at great expense to tuition-paying students and under-paid staff.

You have to register for the New York Times to read this story:

College Leaders' Earnings Top $1 Million - New York Times

No comments: