Pay packages rise for college presidents

[OhioChick]

38 minutes ago

WASHINGTON - More college presidents are earning annual compensation of $500,000 or more, fueled in part by stiff competition by schools for the best candidates, according to a study.

Some 112 of the 853 public and private university presidents surveyed said they had pay and benefits packages of more than half a million dollars, according to an annual report being published Monday in The Chronicle of Higher Education.

The jump was more prominent among public university presidents, rising from 23 last year to 42. The median pay package for those leaders is now $374,846, about 4 percent higher than last year's median of $360,000.

The median is the middle point, with half above and half below.

Private school presidents continued to be higher paid, however. Seventy of those leaders earned more than $500,000 last year.

http://news.yahoo.com/s/ap/20061120/ap_on_re_us/college_presidents

~snip~ The survey attributed the pay increases to increased competition for top candidates, who are seeking more money amid growing job duties and a move toward more "corporate-style" management at universities.

[ixion]

1. and people wonder where all the tuition money goes

:eyes:

[jody]

2. TAs are paid starvation wages so on average thinks are OK.

:sarcasm:

[w4rma]

3. Sounds like more corruption to me. (nt)

[acmejack]

4. Them and Coaches.

Gotta have your priorities right!

[Tight_rope]

8. You are so damn right...we need to be outsourcing their jobs!

Let someone in India run these colleges and coach players. Makes sense to me. People might ask "HOW"?. It's a simple answer...technology. We have teleconferences with video screens, we have internet and we have wireless everything.

[Katzenjammer]

5. Well, career education is a privilege, not a right.

So this is just Marketing 101 --- make it look more important and valuable than it really is.

[customerserviceguy]

6. That's just a crazy amount of money

for people who, like damn near everybody at the top, do squat.

[no_hypocrisy]

7. Meanwhile, across-the-board, colleges and universities have

stopped hiring professors on a full-time basis, stopping an hour short of a 40-hour week, to deny them health benefits and a pension. Mostly professors are part-time (10-20 hours) per week, not enough to raise a family, let alone survive.

BTW, isn't $500K equivalent to the tuition of 10-12 students? Where does the rest of the tuition money go?

[IntiRaymi]

9. Damn, and I thought that Milton Friedman was dead!

[WindRavenX]

10. meanwhile, financial aid to students like me is continuously being cut

Fuck you, Fr.Leahy (he's the Prez of Boston College).

[hughee99]

11. I don't think Fr. Leahy is one of the Presidents making the big $$.

His compensation is not even paid to him, but directly to his religious order (the Society of Jesuits)

http://www.dailyfreepress.com/media/storage/paper87/news/2002/12/04/News/Silbers.Salary.More.Than.Area.Presidents-336358.shtml?norewrite200611201718&sourcedomain=www.dailyfreepress.com

[WindRavenX]

12. oh, he's still an asshole

He's extremely homophobic.