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Private university presidents who earn $1M or more

In this May 21, 2005 file photo, Rensselaer Polytechnic Institute President Shirley Ann Jackson is shown during commencement excercises in Troy, N.Y.
Tim Rosker | AP
In this May 21, 2005 file photo, Rensselaer Polytechnic Institute President Shirley Ann Jackson is shown during commencement excercises in Troy, N.Y.

Thirty-six college presidents made more than $1 million in their 2012 salary, based on a Chronicle of Higher Education report released Sunday that analyzed 500 private colleges.

Compared with the median salary of nearly $400,000, the top paid private college president was Shirley Ann Jackson at Rensselaer Polytechnic Institute in New York, according to the Daily Mail. Jackson earned $7.1 million, which included a $5.9 million retention compensation that was withheld for several decades.

After Jackson, Quinnipiac University's John Lahey netted $3.7 million, Lee Bollinger at Columbia University made $3.3 million, and Amy Gutmann from University of Pennsylvania earned $2.4 million. Several Ivy League and other prestigious university presidents did not make the cutoff, including Princeton, Stanford and Harvard, whose Presidents made around $900,000, Daily Mail said.

The analysis was conducted using tax forms and other government filings. The figures do not include retirement pay.

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Read the coverage on Daily Mail.