Pay and Perks Creep Up for Private-College Presidents

Some of the highest paid get cash to cover taxes, too

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Private-college presidents often draw scrutiny for their hefty compensation packages, but most of them have a ready comeback: I could make a lot more money in the corporate world.

While this statement is surely sometimes true, it is also true that some of the nation's top-paid presidents continue to receive perks that their corporate counterparts have relinquished under shareholder criticism.

Among the 50 highest-paid private-college presidents in 2010, half led institutions