Study: College presidents earning more than $1 million doubles in one year
- Nine presidents went over the $1 million mark in 2013 while just four presidents made the list in 2012.
According to a recent study, the number of college presidents earning more than $1 million more than doubled in the 2012-2013 fiscal year.
The study, conducted by the Chronicle of Higher Education took into account base salary, bonuses, deferred pay, retirement and severance. It found that nine presidents went over the $1 million mark in 2013 while just four presidents made the list in 2012.
Former Ohio State president Gordon Gee led the pack of presidents as he earned $6.1 million while president. Gee is now the president of West Virginia University after resigning at Ohio State when he made several disparaging comments, including barraging the University of Notre Dame and Roman Catholics.
The other presidents earning more than $1 million include: Bowen Loftin, president of Texas A&M University at College Station; Hamid Shirvani, president of North Dakota University system; Renu Khator, University of Houston main campus; Sally Mason, University of Iowa; Michael McRobbie, Indiana University at Bloomington; Michael Adams, University of Georgia; Gordon Moulton, University of South Alabama; and Mary Sue Coleman, University of Michigan at Ann Arbor.
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