Public University Presidents Rake in Millions
Disgraced former Penn State boss Graham Spanier leads the pack
By Matt Cantor, Newser User
Posted May 13, 2013 7:01 AM CDT
In this Nov. 7, 2012, file photo, former Penn State president Graham Spanier enters Harrisburg District court in Harrisburg, Pa.   (AP Photo/Jason Minick, File)

(Newser) – Last year, four public university presidents boasted compensation of more than $1 million, a study finds. At the top: Graham Spanier, the former Penn State president driven out by the Jerry Sandusky sex abuse scandal. Spanier made $2.9 million in the 2011-2012 fiscal year; part of that was his $1.2 million severance pay, the New York Times reports. "The fact that Graham Spanier turns out to be the highest paid president in the country says something about the nature of compensation packages for people who leave under a cloud," says a reporter for the Chronicle of Higher Education, which conducted the study.

Meanwhile, Jay Gogue, at Auburn University, saw compensation of $2.54 million. Ohio State's Gordon Gee earned $1.9 million—along with his rent-free mansion and private jet. George Mason's Alan Merten received $1.87 million. Compensation has soared in recent years, says the Chronicle reporter; Gogue's pay, for instance, jumped from $700,000 to $2.5 million in a year. And 28 presidents were making between $600,000 and $700,000 last year, compared to 13 the prior year. Median compensation among public research university presidents was $441,392.

More From Newser
My Take on This Story
To report an error on this story,
notify our editors.
Public University Presidents Rake in Millions is...
0%
3%
15%
4%
2%
75%
Show results without voting
You Might Like
Comments
Showing 3 of 16 comments
HonkUSA
May 14, 2013 8:21 AM CDT
Just take a look at Non-Profits . The reason that they are Non-Profit is that the Top few execs , get big bonuses at year end , so that the entity remains Non-Profit .JUST LOOK AT AARP for one .
KooKooforCocoPuffs
May 13, 2013 1:33 PM CDT
It's sad that colleges and universities have become big businesses based around sports and the riches provided by student loans and rich jock followers. Sports coaches in most major institutions are paid FAR out of proportion to the rest of college professors (and coaches of less popular sports) because it has become more about money and winning, not education. Most of them are now just large sports corporations that happen to offer education on the side, and for that, they pay themselves and each other handsomely; raising tuition and fees each year to support grandiose, jock licking lifestyles. Unfortunately for those in power in such institutions, it may soon come to pass that colleges and universities will fall out of favor due to the influx of industry-specific trade schools. Think about it, why would I spend a large amount of time and money taking general ed courses, having to work at the pace required of such institutions, when I can go to a trade school, focus on exactly what I want all the time, be done, employed and paid well within, in some cases, just a few months? This is the conundrum that is slowly, but more aggressively, biting the asses of these bloated, antiquated, money-grubbing "learning" institutions.
serfinWI
May 13, 2013 1:11 PM CDT
And the Wisconsin system has billions