UM: Salaries

Bloomberg News reports on rising salaries for presidents of public universities – UM President Mary Sue Coleman has the fifth-highest annual compensation nationwide, at $760,196. The figures are based on an annual salary survey by the Chronicle of Higher Education. Says U.S. Sen. Charles Grassley (R-Iowa), who has held hearings on rising tuition costs: “The Chronicle’s study shows that the executive suite seems insulated from budget crunches. While endowment values and payouts for financial aid may be decreasing, there’s still money for the president’s salary increase.” [Source]