Don’t worry, Ivy League grads, your tuition money is going in the right place

cash pile

Looks like hundreds of thousands of dollars well spent!

Columbia University President Lee Bollinger was the Ivy League’s highest-paid president in 2008 at $1.75 million in total compensation, as 30 college leaders received more than $1 million in pay.

Yale University and the University of Pennsylvania joined Columbia as Ivy League schools paying their top executive more than $1 million, according to the Chronicle of Higher Education.

Boy, that $200K of college debt sure feels worth it, don’t it?

Advertisements

2 thoughts on “Don’t worry, Ivy League grads, your tuition money is going in the right place

  1. To be fair University presidents are pretty accomplished individuals who would otherwise be picked up by private companies looking for CEOs or other executives. If universities want presidents who can run an enterprise of thousands of students, hundreds of professors, and a huge number of divisions/schools/colleges while fundraising, making long term investment decisions, etc… Then they better be prepared to put up the money and compete with those enterprises. If your university was a for profit company $1 million would seem paltry for equivalent work.

  2. Surely there must exist accomplished, talented individuals who are willing to work for more modest amounts of money.

    “If your university was a for profit company $1 million would seem paltry for equivalent work.”

    Perhaps, but if my university was a typical for profit company, it would not be exempt from income and property taxes; it would not be subsidized by billions of dollars in government loans; it would not be exempted from anti-trust laws; and it would have to pay for its share of the national defense.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s