From the NY Times:
A report from the Institute for Policy Studies, a research group, says that the presidents at the 25 public universities that pay their presidents the most have seen their compensation soar since 2008. The average pay for presidents at all public research universities is hardly shabby, increasing by 14 percent, to $544,554, between 2009 and 2012. But average compensation for the presidents at the 25 highest-paying universities increased by a third, to $974,006.
The study makes some disturbing observations about “the top 25.” Student debt is worse than at other schools. Administrative spending is twice the spending on student aid. The percentage of tenured faculty members fell dramatically, while part-time adjunct faculty increased more than twice as fast as the national average for all universities. The “worst overall offenders,” the study said, were Ohio State, Penn State, the University of Minnesota, the University of Michigan and the University of Delaware.
Note: it isn’t clear from the reporting whether the universities in “the top 25” each have all of these problems, or whether each has at least some.