As Belts Tighten, College Chiefs' Pay Expands

Things are tough all over—except in the nation's ivory towers, where college presidents are collecting increasingly tidy sums, reports the Wall Street Journal. Presidents at 59 public universities earn more than $500,000 a year, and Ohio State's chief tops the list with a $1.3 million package. Median rates for public college presidents climbed $7.6% last year. The highest paid private head—at Boston's Suffolk University—earned $2.8 million in compensation and a $400,000 salary
(More state colleges stories.)