Dive Brief:
- With a pay package of $3.4 million, University of Chicago president Robert Zimmer was the highest-paid college leader in 2011, the Chronicle of Higher Education reports.
- Forty-two private college presidents had earnings that year above $1 million.
- The numbers come from the most recent tax filings of private colleges with the largest endowments.
Dive Insight:
Some context: Zimmer leads one of just 10 private colleges with budgets over $3 billion, so his compensation is a sliver of an enormous pie. Leading a large higher-education institution isn't for everybody. A recent article looked at how some college presidents were trading down to smaller institutions to avoid the pressures of big schools.