Many of the nation's public universities eliminated courses and raised tuition last year, but the salaries and benefits of their presidents continued to rise, though at a slower rate than in years past, a new study has found.
In its ninth annual examination of the pay of 185 public university leaders, The Chronicle of Higher Education reported Monday that the median rose to $436,111 in 2008-9, an increase of 2.3 percent when compared with the year before. (When adjusted for inflation, The Chronicle said, the median increase was 1.1 percent.)
By contrast, in the previous four years, The Chronicle said, public university leaders' salaries and benefits rose, on average, by at least 7.5 percent each year, and, in 2005, by 19 percent.
Jeffrey J. Selingo, editor of The Chronicle, said in a statement that while the increases of past years had "riled parents, students and politicians," it was most likely "the bad economy and the fiscal crisis facing many states" that "finally put a halt to these large pay increases."
| Newsletter signup | Send us your ideas