By Caroline Freeman
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November 16, 2005
Presidents of public colleges and universities generally receive relatively lower salaries than their peers at private institutions, but many are seeing increases in their compensation packages as the number of presidents earning over $500,000 is continually increasing, according to an annual survey performed by The Chronicle of Higher Education.
The survey data, which was compiled from the responses of 139 public research institutions and public-college systems, found that 23 of the 139 leaders were expected to make over $500,000 this year, compared to 17 last year.
The median payment received by public-institution presidents was $360,000, a $31,600 increase over last year, according to a Chronicle report; however, the data are not perfectly comparable because this year's survey included eight new institutions, and several schools had not yet determined their presidents' compensation, the Chronicle reported.
Jeffrey Selingo, editor of business and politics at the Chronicle, said the increase in presidential compensation is part of a general trend which has been going on over the past few years.
He explained that this increase in compensation likely can be attributed to the fact that there is a short supply of qualified candidates for college presidencies, while the demand for them is increasing.
The survey found University President John T.