The Corporatization of the University
“Presidents at 12 private universities received more than $1 million in the 2005-6 school year, the most recent period for which data on private institutions is available, up from seven a year earlier, according to an annual survey of presidential pay to be released today by The Chronicle of Higher Education. The number of private college presidents earning more than $500,000 reached 81, up from 70 a year earlier and just three a decade ago. The survey also found that the number of public university presidents making $700,000 or more rose to eight in 2006-7, the reporting period for public institutions. Only two public university presidents made $700,000 in the previous period. The survey did not include E. Gordon Gee, who took over at Ohio State University earlier this year and whose $1 million pay package, before bonuses, is probably the highest of any public institution.”
“John W. Curtis, director of research and public policy at the American Association of University Professors, said rising pay to presidents was consistent with a “corporate mindset” at colleges.”
Glater, Jonathan D. 2007. “Increased Compensation Puts More College Presidents in the Million-Dollar Club.” (New York Times (12 November).