Here's what student debt gets you

Posted in the Los Angeles Forum

LA Progressive

Los Angeles, CA

#1 Dec 16, 2013
Million dollar salaries for college presidents.
You're being suckered.
========

Presidents at 42 private colleges scaled the $1 million annual mark in total pay and benefits in 2011 a slight bump from the year before, according to a survey based on the latest federal tax information from the 500 private schools with the largest endowments.

Total median compensation was $410,523, or 3.2 percent more.

A high salary can be a sign of prestige for presidents, but it also opens them to criticism. The Obama administration and consumers are pressuring schools to rein in tuition costs, increase graduation rates and strengthen the value of a diploma.

The Chronicle of Higher Education's report released Sunday used federal tax information from 2011, the most recent available.

The top earner in the survey was Robert J. Zimmer, the president of the University of Chicago. His base pay was $918,000, but his total compensation was $3.4 million. About 40 percent of his total earnings stem from deferred compensation a retention tool commonly used to keep college presidents on the job longer, according to the Chronicle.

Tell me when this thread is updated:

Subscribe Now Add to my Tracker

Add your comments below

Characters left: 4000

Please note by submitting this form you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

Los Angeles Discussions

Title Updated Last By Comments
News The 25 Most Dangerous Cities in the U.S. Are Mo... (Nov '10) 5 hr Sister Mary Sue M... 19,922
Tom Brady and the Deflation of Dignity 6 hr not a Brady fan 2
Marco Rubio in 2016! Sat Don Feducci 35
News L.A. looking to 2016 to end the Bay Area's lock... Sat Le Jimbo 1
L.A. raises minimum wage to $15 an hour May 22 skinny indio 3
Review: Diamond Forever Jewelry May 22 William 2
So Help Me God, Northwest May 21 Fotl 2
More from around the web

Los Angeles People Search

Addresses and phone numbers for FREE

Personal Finance

Mortgages [ See current mortgage rates ]