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Report: Many private college presidents make $1M

By Kimberly Hefling
Published December 16, 2013 1:55am ET
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Report: Many private college presidents make $1M
FILE - In this Nov. 18, 2013 file photo, University of Chicago president Robert J. Zimmer, left, shakes hands with Vice Premier Liu Yandong of China, after she finished her remarks at the U.S.-China University Presidents Roundtable at the University of Chicago. 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. (AP Photo/M. Spencer Green) | M. Spencer Green

WASHINGTON (AP) — 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.

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