Budget Cuts Not Cramping Public University Presidents' Style

A blog about business and economics.
May 25 2012 8:19 AM

Budget Cuts Not Cramping Public University Presidents' Style

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A survey by the Chronicle of Higher Education shows that compensation for public university presidents continues to grow at a healthy pace. There's certainly nothing outrageous per se about a 2.9 percent pay bump, but that outpaced national average compensation growth and it's difficult to argue that the public university industry has had a particularly stellar past couple of years.

The way state governments are sort of willy-nilly wacking away at America's historic commitment to college affordability is tragic, but the overall spending trajectory at many of these institutions is plainly unsustainable. At Ohio State, home of America's highest paid university president, the financial situation has gotten so dire that the university is "considering selling off Ohio State’s airport and golf courses".

Matthew Yglesias is the executive editor of Vox and author of The Rent Is Too Damn High.