Are CEOs Overpaid? Not Compared With College Presidents (cbsnews.com)

Posted by BeauHD on Sunday February 28, 2016 @07:45AM from the spare-some-change dept.

schwit1 writes: For outrageous executive earnings, don't look to Wall Street -- look to academia. High pay for CEOs attracts annual attention and recitations about the immorality of capitalism, but when the focus is on average CEO pay, they make less than half the annual earnings of college presidents, according to CBS News. The average CEO earns $176,840 annually, an amount that would make a university president into a pauper. In academia, college presidents earn $377,261 annually. Americans outraged and indebted by high college costs will be quick to draw the parallel between a college president's pay and their tuition bill. Correlation, though, doesn't imply causation. College presidents aren't always the highest-paid college employees -- athletic coaches often earn more. Regardless, college presidents "are well into the 99th percentile of compensation for wage earners in the United States," Peter L. Hinrichs and Anne Chen noted for the Federal Reserve Bank of Cleveland.

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Re:What does this have to do with technology? by __aaclcg7560 · 2016-02-28 08:58 · Score: 3, Funny

And once you are a professional and seeing people on wall street that are essentially salesman getting 7 figure bonuses while our 401Ks get decimated by their "management fees".
You have two choices in the matter. You can be a victim and complain about being ass-raped by Wall Street. Or you can be proactive and start your own corporation, make money in a brokerage account, and contribute $53,000 per year into a qualified retirement (nearly three times more than you can contribute with a 401K and IRA).