CEO pay in higher ed, bigger and badder

I've written before about the poison that is CEO pay for university administrators, but if you haven't seen it, look at this from the NYT on:

Increased Compensation Puts More College Presidents in the Million-Dollar Club

Here's a key quote:

“If your aspiration is to be a college president, that is a way to become a millionaire,” said Patrick M. Callan, president of the National Center for Public Policy and Higher Education in San Jose, Calif. “That was inconceivable 20 years ago.”

Some of these guys are getting 2 mill per annum. I know the dollar's not worth much anymore, but please. I can't put it any better than a loyal reader of this blog did:

I think this is more bad news that some compartments of the modern university, e.g., the admin, business school and athletics for example, are playing by different rules than the rest of the university. Think of the grad students who could be funded by a fraction of these salaries.

Tip of the safety orange hunting cap to tp.