At the vast majority of institutions, paying the university president's salary is a small piece of the overall budget pie, but I do think it's interesting that according to the Chronicle of Higher Education's recent survey of private non-profit universities the median total compensation for a university president increased 2.2 percent from 2008 to 2009. What's particularly striking in their survey, however, is that there are a handful of extremely well-compensated presidents of institutions that are not especially large or prestigious. Charles Polk of Mountain State University, for example, earned over $1.8 million in 2009.
The Obama administration took some baby steps recently to impose a bit of accountability on for-profit universities' ability to get government subsidies. There's a real need, in my view, to both toughen those measures and also apply them across the board. There can be big money in non-profits.
TODAY IN SLATE
More Than Scottish Pride
What Charles Barkley Gets Wrong About Corporal Punishment and Black Culture
Why Greenland’s “Dark Snow” Should Worry You
Three Talented Actresses in Three Terrible New Shows
The Human Need to Find Connections in Everything
It’s the source of creativity and delusions. It can harm us more than it helps us.
Happy Constitution Day!
Too bad it’s almost certainly unconstitutional.