At a time when the cost of college is an increasing worry for many families, running a public college is becoming a more lucrative job.
Nine public-college presidents earned more than $1 million a year in total compensation in the 2012-2013 fiscal year, a new analysis from The Chronicle of Higher Education finds.
That's up from four in 2011-2012 and three in 2010-2011.
The analysis of presidents at more than 200 public universities and systems found that most public college presidents were far from the million-dollar mark. The median total compensation for the 2012-2013 year was $478,896, a 5 percent increase over the previous year.
The highest-paid college president was E. Gordon Gee, former president of Ohio State University. He had total compensation of more than $6 million while at Ohio State, the report found, although much of that was due to deferred compensation and severance pay.
Gee's base salary and bonus alone totaled nearly $1.2 million, according to the Chronicle.