Feast or Famine? It’s Academic

by Chris Cumo THE GAP BETWEEN rich and poor is as much a fact of academe as of American society. 74 private colleges and universities paid their presidents more than $300,000 in the 1998-1999 academic year. The number of presidents above the $300,000 mark represented a 21 percent increase from the previous year, when 61 presidents eclipsed $300,000, and is almost double the 38 presidents who earned more than $300,000 in 1995-1996. Twenty-one presidents made between $400,000 and $499,000 in 1998-1999, and seven presidents surpassed $500,000 in pay and benefits. With such hefty salaries being paid to college presidents, how […]