Public U. Presidents Make Bank

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.