The Chronicle of Higher Education reports on university presidents who have passed the million dollar mark in compensation. But wait, there’s more:
Many presidents have a substantial portion of their overall pay tied up in deferred compensation, which they receive only if they stay on the job for a specified number of years. Trustees say they prefer such arrangements because deferred-compensation plans help retain presidents. But the prevalence of such benefits also means that the public can learn relatively little about those presidents’ overall earnings by looking at base salary alone.