Study: presidents, chancellors saw a 5 percent pay increase

Study: presidents, chancellors saw a 5 percent pay increase

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It seems to pay off to be the head honcho at colleges and universities. Their paychecks have more zeros.  According to a recent study, U.S. public college and university presidents saw their pay increase by an average of 5.3 percent last year. Eight university presidents in the nation are making more than $1 million.

Out of the top ten spots of the highest paid, three are in Texas. 

Texas Tech Chancellor Robert Duncan's total compensation more than $686,397. He's ranked 39 in the nation among public universities. President Lawrence Schovanec yearly salary is $594,665. He has not been president for a year just yet. 

Fourteen Texas public higher ed leaders - of system chancellors and university presidents - are raking in more than $500,000.

The number one spot in Texas goes to UT Chancellor William McRaven, his total compensation is $1.5 million. President Gregory Fenves is more than $761,000.

Number two in the Lone Star State is Texas A&M Chancellor John Sharp with $1.28 million. President Michael Young is right at a million.

University of Houston Chancellor and President Renu Khator brings home more than $850,000.

The University of Oklahoma President David Boren brings home more than $449,000. Oklahoma State University System and Campus President V. Burns Hargis gets paid more than $434,000.

Topping the list Arizona State University President Michael Crow makes $1.6 million.

For a list to the top ten, click here. 

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