Sep 25, 2009

Capped and Gowned

by Liberty and Power

Two economists responded to President Obama's decisions to cap the incomes of CEOs who take federal money (in the future) at $500,000. They obtained a list of college presidents and found that 59 presidents of public research universities and 31 presidents of private universities have compensation above $500,000.

Their findings were picked up by bloggers at Business Week and U.S. News -- but with a difference. Both bloggers interpreted the article as saying the idea of capping presidents' salaries was a good one. Business Week asked its readers to share their views.

The authors' irony escaped their attention.

More Comments:

William Marina - 3/14/2009

Over the slightly more than 4 decades I taught, the salaries of college Presidents increased at a much greater rate than that of the Faculty.
In FL this certainly reflected the increased political role of the Presidents and of the System itself, and as even so-called "private" schools increased their research grants from various levels of Government. When we speak of Corporatism, the Schooling System, certainly the universities should be included as well.