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Public U. Presidents Make Bank

Four made over $1 million in 2011–12.

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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

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