Monday, November 14, 2005

Colleges Make Presidents Millionaires

"Nov 14, 2005 — Curious where those extra tuition dollars are going? One place to look would be the pockets of college presidents.

Five presidents have cracked the $1 million compensation barrier, including John R. Silber, the now-retired president of Boston University, according to an annual survey by The Chronicle of Higher Education to be released Monday, and more are sure to follow. Nine earned more than $900,000 a figure none broke in last year's report.

All were at private universities, and the figures are for fiscal 2004, the most recent information available for private schools. More recent data on public universities, for the current academic year, shows salaries are rising there, too. Leaders of 23 public institutions are being paid $500,000 or more this year, up from 17 a year ago..."

How many faculty could be hired on these salaries? How would that impact class size? How many part-time faculty are abused with minimum wage positions with no benefits to support these obese porkers?

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