My lovely and brilliant friend, Dorothy Herriener, economist and professor over at Loyola in Palisades, forwarded this story to Fboo from The Chronicle of Higher Education, on the widening pay gap between university presidents and faculty. It appears that most presidents make somewhere between 3 to 4 times what the average faculty make, on up to 12 times what the faculty make.
It would be interesting to see what the relative ratios are for the staff at universities.
What’s got me scratching my head are the (mostly) dudes at the top: I get why Yale and Johns Hopkins dudes are getting paid a lot, but nobody has ever heard of half of these little liberal arts colleges/tiny universities on the list. Maybe the guy from Mountain State making $1.8 million a year has to do all the plumbing and janitorial work on campus in addition to fundraising. Drexel? Seriously? $5 million to run Drexel?
Hell, I’d do it for $3 million.