Executive Compensation

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Is Any University President Worth $42 Million Dollars?

By Lynn O'Shaughnessy, CBS Moneywatch

Does $41.9 million dollars sound about right?

According to Bloomberg, that's what Robert Silberman, the chair and chief executive officer of Strayer Education Inc., a chain of for-profit colleges,pocketed last year.

The for-profit colleges that Silberman oversees enroll roughly 54,000 students, which is the same number of students as Ohio State University. Gordon Gee, Ohio State's president, whom Time Magazine named one of the nation's 10 best college president in 2009, is the highest paid president of any public university. Gee's salary and compensation exceeds $1 million.

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