The number of private college presidents earning more than $1 million a year jumped this year even as students struggle to pay increasing tuition fees, according to a report by The Chronicle on Higher Education
At private college, a record 42 presidents made $1 million-plus in 2011, according to the report released Sunday. That was up from 36 the year before.
Only four public school presidents topped $1 million in pay and compensation.
University of Chicago President Robert Zimmer topped the private school list at $3.4 million, most of which was deferred compensation – tax deferred income set aside to be paid at a later time.
Median compensation for private school presidents was $410,523, up from 3.2 percent from 2010.
The highest paid public university president was Graham Spanier, formerly of Pennsylvania State University. Spanier earned $2.9 million in 2011.
Median pay for public school presidents was $441,392.
The top 10 paid private college presidents:
- Robert J. Zimmer, University of Chicago, $3,358,723
- Joseph E. Aoun, Northeastern University, $3,121,864
- Dennis J. Murray, Marist College, $2,688,148
- Lee C. Bollinger, Columbia University, $2,327,344
- Lawrence S. Bacow, Tufts University, $2,223,752
- Amy Gutmann, University of Pennsylvania, $2,091,764
- Anthony J. Catanese, Florida Institute of Technology, $1,884,008
- Esther L. Barazzone, Chatham University, $1,812,132
- Shirley Ann Jackson, Rensselaer Polytechnic Institute, $1,752,642
- Richard C. Levin, Yale University, $1,652,543
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