Even though state funding for public universities fell by seven percent last year, most college presidents still got raises and the University of Washington’s top dawg is among the highest paid in the nation.
For the 2012-2013 school year, the median total compensation for college presidents was up 4.7 percent from the previous school year, according to The Chronicle of Higher Education.
The top president on the list is Graham Spanier, the former president of Pennsylvania State University, who was forced to resign in the wake of the Jerry Sandusky sex abuse scandal. In 2011-12, Spanier brought in a total of $2.9 million, which included $1.2 million in severance pay.
Here is the full report on college presidents’ pay and compensation.
UW President Michael Young just misses the top 10 with total compensation of $768,500. His base pay is $550,000. He’s 12th on the list.
Washington State University’s Elson Floyd receives $650,000 in compensation. Most of that is with his base pay of $625,000. He ranks 35th out of 214 college presidents listed.
By LINDA THOMAS