6th January 2013
According to an analysis by the Chronicle of Higher Education, in the 2011 fiscal year, 132 presidents of public colleges and universities made $344,000 or more — the income level that marks the divide between the bottom 99 percent and the top 1 percent. Private-college presidents raked in even more: 208 made $344,000 or more in 2010, with 36 of those making $1 million or more.
It’s no surprise that college presidents are receiving top dollar: More and more, a year’s college tuition is exceeding the annual salary that a student can expect to make in the first few years after graduation. (And that assumes the student can even snag a job requiring a college degree in this dismal economy.)