Ranks of millionaire college presidents increase

The number of millionaire private college and university presidents has been increasing in recent years. "A record 23 presidents received more than $1 million in total compensation in fiscal 2008, according to an analysis of the most recently available data published Monday by the Chronicle of Higher Education," MSNBC said. "More than 1 in 5 chief executives at the 448 institutions surveyed topped $600,000," Buffalo news said.