College Bosses Earn Record $1M+ Pay

Despite recession, school leaders' pay grows—with tuition
By Nick McMaster,  Newser Staff
Posted Nov 2, 2009 5:14 AM CST
A record 23 private college presidents took home over $1 million in 2008.   (Shutterstock)

(Newser) – Lean times can go to the back of the class when it comes to college presidents. A record 23 of them raked in more than $1 million last year, up from nine in 2007. Not so surprisingly, many of presidents reigned at institutions among the 58 which charged more than $50,000 in tuition and fees last year, up from just five the year before, AP reports.

Here's what the highest paid college and university presidents collect:

  1. Shirley Ann Jackson, Rensselaer Polytechnic Institute: $1,598,247.
  2. David Sargent, Suffolk University: $1,496,593.
  3. Steadman Upham, University of Tulsa: $1,485,275.
  4. Cornelius M. Kerwin, American University: $1,419,339.
  5. Lee C. Bollinger, Columbia: $1,380,035.
Click the link for the complete list.