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Monday, May 19, 2014

Higher ed president salaries continue to rise

The average public college president made just under $479,000 in 2012-13 — 5 percent more than the previous year — and nine raked in upwards of $1 million, according to an annual analysis by The Chronicle of Higher Education. “The million-dollar college presidency, which was unheard of at public colleges less than a decade ago, is becoming increasingly common at top-tier institutions,” Jack Stripling and Sara Hebel write.

The average base salary (which doesn’t include bonuses, deferred compensation, and retirement and severance pay that tack extra dollars onto paychecks) was $403,496, a 1 percent increase over last year. Former Ohio State University President Gordon Gee, Texas A&M University at College Station President R. Bowen Loftin, and North Dakota University System President Hamid A. Shirvani were the highest-paid public presidents last year. However, Gee made the most by far: more than $6 million. Check out the Chronicle’s interactive table on presidential pay: http://bit.ly/1oGj0kR

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