Quantum Windbag
Gold Member
- May 9, 2010
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I have to admit this is a grudge thread, but I really do think it is getting ridiculous, why do college presidents need million dollar salaries and all the other perks they get?
The 10 Highest Paid Private College Presidents: Chronicle Of Higher Education List
$4,912,217 a year for Drexel University? Seriously? Drexel?
As the economy staggered, private college presidents enjoyed modest raises and saw the ranks of those making at least $1 million swell from 33 to 36 - including the president of a West Virginia school that's facing accreditation problems and has one of the worst official graduation rates in the country.
The median 2009 compensation for leaders at private schools was $386,000, up 2.2 percent from the year before, according to the latest annual analysis by The Chronicle of Higher Education. The figures cover 519 presidents at private colleges with total budgets of at least $50 million, and reflect the most recent year for which data from federal tax reports are available.
Constantine Papadakis, the president of Drexel University who passed away in 2009, was the highest paid, though the majority of his $4.9 million compensation came via life insurance and previously accrued compensation paid to his wife. Papadakis earned a base salary of $196,000.
The 10 Highest Paid Private College Presidents: Chronicle Of Higher Education List
$4,912,217 a year for Drexel University? Seriously? Drexel?