British University Heads Have Seen Salaries Soar

The chief executives of more than 80 British universities earn more than Prime Minister Gordon Brown, who earns $300,000, according to The Guardian. British universities are mostly public institutions and have recently faced sweeping budget budget cuts, but the vice chancellors of several institutions were awarded pay raises of up to 20 percent in the past year, the newspaper reported. The country’s highest-paid university chief, of the London Business School, earns $720,000. The University of Oxford, where the vice chancellor’s income has more than tripled over the past decade, to more than $500,000, also boasts Britain’s highest-paid university employee. Sandra Robertson, a fund manager who has been credited with helping the university’s endowment avoid major losses, earns nearly $900,000.