A survey has found that the number of presidents of top private colleges and universities who are paid more than $500,000 annually in wages and benefits more than doubled last year.
The Chronicle of Higher Education survey, to be published Monday, found 27 private college presidents earned more than $500,000 in 2001, up from 12 in that compensation bracket the previous year.
Eighty-five presidents earned between $300,000 and $500,000, the survey reported.
The median compensation secured last year by leaders of doctoral universities was $356,092. Presidents at schools offering master's programs had a median salary of $173,547. At liberal arts colleges, the median salary was $205,323.
Judith Rodin, president of the University of Pennsylvania, topped the list with pay and benefits equaling $808,021. Former Princeton University President Harold T. Shapiro, with an annual compensation of $705,683, was next, followed by Johns Hopkins University President William R. Brody, at $677,564.