Arts & Culture
(2009-11-02)
Harvard Business School students cheer during their graduation ceremonies in Boston
A new study says at least 23 heads of private colleges and universities earned a total of more than $1 million each in fiscal 2008.
The study, conducted by the Chronicle of Higher Education, was released Monday.
Topping the list is Shirley Ann Jackson at Rensselaer Polytechnic Institute in Troy, N.Y., whose total compensation was pegged at nearly $1.6 million. A record one in four presidents in the survey broke a half-million.
The figures cover the 2007-2008 academic year, and experts say salaries have probably declined since then because of the economic downturn. But they expect the upward trend to resume eventually, given the stiff competition for top candidates.
Overall, median compensation for the group rose 6.5 percent to $359,000.
© Copyright 2009, Associated Press
