In recent years we have heard about how entrepreneurial university administrators have become. Creating new models and charting new paths for their august institutions. A new study from the Chronicle of Higher Education reports that 23 Private University Presidents in the US are making at least $1 million a year. Hot Dog, bureaucracy pays! From an article by Mary Beth Marklein in the USA Today,
Here are the Chronicle‘s findings, based on federal tax forms, of the highest-paid presidents of private non-profit colleges and universities. Compensation includes salaries, fees, bonuses, severance payments, deferred compensation, and health benefits and pension plans.
1. Shirley Ann Jackson, Rensselaer Polytechnic Institute, Troy, N.Y., $1,598,247.
2. Davd Sargent, Suffolk University, Boston, $1,496,593 .
3. Steadman Upham, University of Tulsa, $1,485,275.
5. Cornelius Kerwin, American University, Washington, D.C., $1,419,339.
Perhaps the real entrepreneurial opportunity is becoming a money manager for Private University Presidents?