Fuck the administrators
Student debt and the hiring of relatively low-paid adjunct faculty rather than full-time professors have grown fastest at public universities with the highest-paid presidents, a new report found.
Oh, "public" universities!
University president pay has risen dramatically in the aftermath of the 2008 financial crisis, according to the report, which focuses on 25 state universities that pay their presidents almost double the national average. Released Sunday by the Institute for Policy Studies (IPS), a progressive Washington D.C.-based think tank, the study is called The One Percent at State U — referring to the financial gains made by executives after the 2008 recession.
Nationwide, between the fall of 2009 and the summer of 2012, average executive compensation at public research universities increased 14 percent to $544,544, according to the study.
But presidents at the 25 universities examined saw their salaries increase almost twice as fast as the national average, to $974,006. Early indications since 2012 suggest this trend will continue to accelerate.