Fat-Cat University Administrators at the Top 25
Confronted with punishing state budget cuts, the public colleges and universities that educate more than 70 percent of this country’s students have raised tuition, shrunk course offerings and hired miserably paid, part-time instructors who now form what amounts to a new underclass in the academic hierarchy. At the same time, some of those colleges and universities are spending much too freely on their top administrators.
A report from the Institute for Policy Studies, a research group, says that the presidents at the 25 public universities that pay their presidents the most have seen their compensation soar since 2008. The average pay for presidents at all public research universities is hardly shabby, increasing by 14 percent, to $544,554, between 2009 and 2012. But average compensation for the presidents at the 25 highest-paying universities increased by a third, to $974,006.
Related: Financial Aid Leveraging.
