College Presidents’ pay soars along with tuition and student debt

The extractive mentality is booming in college executives.

Presidents of U.S. colleges and universities fundraise with donors, preside over graduation ceremonies and provide his or her university with long-range strategic vision. They are also paid handsomely for their work. Forty-two private college presidents earned more than $1 million in 2011, according to a new analysis by the Chronicle of Higher Education. The median total compensation for a college president in 2011 was $410,523, up 3.2% from 2010. Of the 550 presidents’ salaries that were included in the analysis, 180 took home more than $500,000 in 2001 compared to 50 in 2004. Here is a direct video link.

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