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9 public college presidents' pay tops $1 million

 

The number of public college presidents earning over $1 million more than doubled in the 2012-2013 fiscal year from the year before, according to a new survey.The Chronicle of Higher Education study found that nine college presidents earned more than $1 million in total compensation in 2013, compared to just four in 2012.Public college presidents first exceeded the $1 million total compensation mark in 2006-2007, according to the survey.Gordon Gee topped the list, earning $6.1 million as the head of Ohio State University.

 

Posted

Universities are investment clubs. They call their board of directors "regents" and their portfolio an "endowment," but the model is the same -- they raise a huge pool of cash, and invest it in securities.

 

The classrooms and the teachers and the rah-rah stuff is just the Front of House operation. Their real line of work is finance. Top finance execs make a lot of money.

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