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.
