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Are CEOs Overpaid? Not Compared With College Presidents (cbsnews.com)
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.
The average CEO earns $176,840 annually, an amount that would make a university president into a pauper
Are they including self-proprietorships or something?
"First they came for the slanderers and i said nothing."
Are they just talking salary? As far as I know university presidents don't have stock options.
A university president may make $500K, but s/he oversees 5000+ employees, 30,000+ students, a campus of 250+ buildings and an endowment of a billion or more. I'm not sure they should be compared with the set of all folks calling themselves CEO.
Where all think alike, no one thinks very much.
Are they just talking salary? As far as I know university presidents don't have stock options.
You called it. Stock, bonuses, and golden-handshakes are where the money is. The salary is just covering "base load", to keep the wolf away from the Yacht's dock gate while the company isn't doing well enough that the big bucks aren't flowing adequately.
That's why turnaround CEOs can do the "dollar a year salary" thing for P.R. without hurting themselves financially.
Bantam Dominique roosters crow a four-note song. Once you've heard it as "Happy BIRTHday" you can't NOT hear it that way
A university president makes little compared to a university football coach. The absurdity is incredible.
Are they total idiots, or being paid?
Of course the average CEO doesn't earn a killing. I'm a CEO. I make less than I did when I had a regular job.
The problem has never been the average CEO. The problem is the high-end CEOs. The guys who run banks, fortune 500 companies and such, who earn several thousand times what normal employees or, in fact, average CEOs make.
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There's a dirty little secret regarding the European 'free college' program - only qualified, prepared students get to attend college - it is a meritocracy, not a guaranteed entitlement.
In America we have a staggering number of college dropouts with debt accumulated taking remedial classes after high school.
In most European universities only the students that place well on standardized testing earn spots at 'free' universities. Academically-deficient high school graduates will never get the chance to attend university.
What's going to happen when inner-city parents realize all the 'free' university spots are filled with students that attended better schools in the suburbs? Will they demand universities lower their standards, demand their high schools get better, or demand affirmative action spots on campus?
Ken
Odd that the NFL needs to go begging for public funds to build their stadiums, isn't it? Those billionaire beggars have no shame.
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