AP: Ranks of millionaire college presidents up again
The fast-growing group of millionaire private college and university presidents hit a new record in recent years, and it’s likely more college leaders will make seven-figure salaries once the slumping economy rebounds.
A record 23 presidents received more than $1 million in total compensation in fiscal 2008, according to an analysis of the most recently available data published Monday by the Chronicle of Higher Education. A record one in four in the study of 419 colleges’ mandatory IRS filings made at least $500,000.
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