Ivory Tower Pay and Perks Are Doing Fine, Thank You
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It’s troubling enough that colleges are larding on administrators at a time when tuition costs continue to rise faster than inflation. But now comes a report from the Chronicle of Higher Education that says private universities are ladling out some of the same over-the-top executive perks that many corporate boards dropped after chief executive pay scandals.
The Chronicle published on Sunday its survey of top-paid presidents at private colleges. Topping the list, with total compensation of $3 million, is Bob Kerrey, who left the New School in New York City at the end of 2010 for an unsuccessful attempt to win back his old Senate seat from Nebraska.