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Feast or Famine? It's Academic



  

by Chris Cumo

THE GAP BETWEEN rich and poor is as much a fact of academe as of American society. 74 private colleges and universities paid their presidents more than $300,000 in the 1998-1999 academic year. The number of presidents above the $300,000 mark represented a 21 percent increase from the previous year, when 61 presidents eclipsed $300,000, and is almost double the 38 presidents who earned more than $300,000 in 1995-1996. Twenty-one presidents made between $400,000 and $499,000 in 1998-1999, and seven presidents surpassed $500,000 in pay and benefits.

With such hefty salaries being paid to college presidents, how much, we wondered, did the average adjunct earn at the institutions managed by the presidents in question?


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