On Campuses, the Income Gap Widens at the Top
By Jack Stripling & Andrea Fuller
The economic divide is not confined to Wall Street and Main Street.
Within the world of private higher education, there are a handful of college presidents who earn considerably more than professors on their campuses, or gobble up a notable share of their institutions’ budgetary pie, a Chronicle analysis has found. There are also significant pay gaps among presidents, 36 of whom earned more than $1-million in 2009.
A typical private-college leader made 3.7 times as much as the average full professor on his or her campus in 2009, but six presidents reviewed by The Chronicle made more than 10 times as much as their faculty colleagues, according to national faculty-salary data and the most-recent available federal-tax filings. While most colleges spent less than $5 on presidential pay for every $1,000 of their budgets, 14 of the institutions The Chronicle reviewed spent two times that.