As tuition continues to rise and the student debt crisis intensifies, some private college presidents are bringing home more money than ever. Sixty-one of them, to be exact, are being paid more than $1 million.
That figure, from the Chronicle of Higher Education’s ranking of compensation for the heads of colleges, is up from the previous year’s total of 58 million-dollar winners.
Former Baylor University president Kenneth Starr, the independent counsel who pursued President Bill Clinton, led the pack for 2016, the latest year for which data are available-but there should be a big asterisk next to his name.
The former Baylor University president saw his compensation more than triple to $4.9 million due to his severance agreement with the school, according to the report, published Sunday.