1. Ka-Ching

    Public U. Presidents Make Bank

    FILE -  In this March 7, 2007 file photo, Penn State University President Graham Spanier speaks during a news conference at the Penn State Milton S. Hershey Medical Center in Hershey, Pa. Penn State president Graham Spanier is the fifth highest-paid public college president in the country, a new survey found. The Chronicle of Higher Education report released Sunday night, April 3, 2011 found it cost Penn State more than $800,500 to employ Spanier. That figure includes annual base pay, deferred compensation and retirement contributions. (AP Photo/Carolyn Kaster, File)

    Carolyn Kaster / AP Photo

    The nerds are winning. A new study by the Chronicle of Higher Education shows that in the 2011–12 fiscal year, four public university presidents were making more than $1 million annually. Former Pennsylvania State University president Graham B. Spanier tops the list, receiving $2.9 million that year, including severance and deferred compensation. The study also found the number of chief executives with salaries in the high six digits is rapidly rising.

    Read it at The New York Times