According to a recent Chronicle article, 23 private university presidents took home more than $1-million last year, up from nine the previous year. Shirley Ann Jackson, president of Rensselaer Polytechnic Institute, in Troy, NY, came in at no. 1, with a total annual compensation package of nearly $1.6-million.
Among the other top earners were:
• Steadman Upham, U. of Tulsa: $1,485,275
• Cornelius M. Kerwin, American U.: $1,419,339
• David J. Sargent, Suffolk U.: $1,496,593
• Lee C. Bollinger, Columbia U.: $1,380,035
Meanwhile, over at 11D, Laura McKenna is quick to point out the huge pay disparity between those university chiefs and the instructors who do a lot of unheralded teaching at their institutions:
The president of American University gets paid $1.4 million. Nearly 1/4 of American’s teaching staff is comprised of adjuncts. They pay them $2,000 per semester.
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One Response to The Millionaires’ Club
kaukabusman - November 17, 2009 at 2:51 pm
I was thinking why no one is thinking about the big bucks the top man makes and is still making and not affected by recession where as people making 40,60, 70 grants are laid off. Is it affair that recession should only affect some barely making ends meet and not who are making six figure salaries? Can somone explain this please?