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Wednesday, November 24, 2004

Pay for university presidents on increase

Witherspoon In case you thought that you made almost as much as your university president, the Chronicle of Higher Education has bad news.  Salaries of university presidents are rising faster than faculty salaries, and some are approaching $1 million a year, nearly one-twentieth of the amount that Reese Witherspoon (left) received for Legally Blonde 2.

Forty-two university presidents made more than $500,000 a year; the highest paid was the president of Johns Hopkins, at $900,000.  The highest-paid public university president was Mark Emmert of the University of Washington, at $762,000, or about the same amount as a backup shortstop for the Toronto Blue Jays.

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