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Release Date: December 17, 2015 Click:5461 Source:UOU News Center

The highest income over 7 times the president, half of the United States,

42 universities president salary break million

  China News Agency, Houston, December 16 Xinhua (reporter Wang Huan) in the United States the impact of high unemployment and inflation and other economic factors, the college tuition up one, school loan size has exceeded trillion, many young people are unable to bear or bear a heavy debt. In contrast, the income is rising, the latest report shows that 42 university presidents broke the annual salary of millions of dollars, a record high, one of the most lucrative principal annual income even more than President Obama 7.5 times.
  The authority of the media "the chronicle of higher education" (Chronicle of Higher Education) the latest annual report released in 2011, a total of 42 private university presidents annual salary of more than $1 million, 36 higher than the previous year, rose to 17%, a record high. The report was based on personal tax returns from 550 private university principals.
  Data released by the White House show that President Obama's annual salary has not changed since 2009, has been $400 thousand.
  The median annual salary of the 550 university presidents was $410 thousand and 523, exceeding the president's annual salary, an increase of 3.2% compared with 2010. University of Chicago President Zimmer (Robert Zimmer) 2011 total revenue ranked first, reaching 3 million 400 thousand, including 918 thousand basic salary, bonuses, 200 thousand 147 thousand and 500 tax-free benefits and other income, there is 40% days after the payment of deferred compensation.
  Alper Earp, chairman of the board of directors of University of Chicago (Andrew), pointed out in a statement: "Zimmer's salary reflects the high trust of the board of directors for his leadership of the University."."
  In Illinois, 10 university presidents paid more than $500 thousand in 2011. Harvard University President Foster (Drew Gilpin Faust) annual income of $899 thousand, ranked only fifty-fourth, which is amazing Harvard budget of $3 billion 900 million, or as high as $30 billion of the school funds, contrast is huge. National public radio reporter Nick Kisch (Curt Nickisch) believes that Forster willing to give way to low paid, because Harvard University is better known than everything, not to mention the resume "former president of Harvard University," this one will become the political road on a gilded signboard "".
  In recent years the fees grew far beyond inflation, principals paid also caused a lot of criticism. "It's not a healthy trend, it hurts our credibility and makes people more cynical than ever."." "This undermines the purpose of altruism in higher education," says Patrick Callan, President of the National Center for public policy and higher education. "Do we serve the public or ourselves?" For the past ten years, the teachers have not done very well, but the tuition has been increasing."
  "The chronicle of higher education", a senior reporter Cui Princeton (Jack Stripling) pointed out that the annual salary rise, mainly due to peer comparisons with each other".
  President of the American Council on Education (Molly Corbett Broad) broad view, such remuneration is reasonable, "because the university running complex institutions, but rarely qualified".