Several presidents of Private Colleges Earn $1 million Plus

A dozen presidents of private colleges earned more than $1 million in compensation during the 2006-07 year, including Northwestern University chief Henry Bienen, who was the second-highest paid college executive in the nation.

The annual survey of presidential pay released Monday by The Chronicle of Higher Education found that 89 private college presidents took home more than $500,000 in annual compensation, more than double those who did five years earlier.

Full-text article by Tara Malone is available via the Chicago Tribune, 11.17.08.