Study: College presidents getting rich, students in debt
By Tyler Kingkade, Huffington Post
It pays to be a public college president, and it seems only to be getting better for them.
The number of chief executives at state colleges and universities earning at least $1 million more than doubled in fiscal year 2013, according to an analysis by the Chronicle of Higher Education published last week. Topping the list once again is E. Gordon Gee, from his tenure as head of Ohio State University, where he made $6 million in total compensation.
Texas A&M’s R. Bowen Loftin took home $1.6 million in FY 2013, and North Dakota University system President Hamid Shirvani made $1.3 million.
But this year, a separate study released by the Institute for Policy Studies, is also noting the colleges with millionaire presidents are the same ones where students are more indebted and where adjuncts are more heavily relied upon.