The average public university president earned $441,392 in the last fiscal year, but there were four who earned more than $1 million despite state and local budget cuts and financially struggling public school systems. Check out the highest-paid public college presidents as of the 2011-12 school year, according to data from the Chronicle of Higher Education.
10. Francisco G. Cigarroa (University of Texas system) -- Total compensation: $815,833
Assumed office: February 2009
9. Bernard J. Machen (University of Florida) -- Total compensation: $834,562
Assumed office: December 2003
8. Mark G. Yudof (University of California system) -- Total compensation: $847,149
Assumed office: June 2008
7. Charles W. Steger (Virginia Tech University) -- Total compensation: $857,749
Assumed office: January 2000
6. Mary Sue Coleman (University of Michigan system - Ann Arbor) -- Total compensation: $918,783
Assumed office: September 2002
5. Jo Ann M. Gora (Ball State University) -- Total compensation: $984,647
Assumed office: August 2004
4. Alan G. Merten (George Mason University) -- Total compensation: $1,869,369
Assumed office: July 1996
3. E. Gordon Gee (Ohio State University-Main Campus) -- Total compensation: $1,899,420
Assumed office: October 2007
2. Jay Gogue (Auburn University) -- Total compensation: $2,542,865
Assumed office: July 2007
1. Graham B. Spanier (Penn State University) -- Total compensation: $2,906,721
Assumed office: September 1995, left in November 2011
Read more about the list of highest-paid public college presidents from ABC News here.
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