HIGHER EDUCATION BUBBLE UPDATE: Greed: College presidents earn more –- a lot more –- than CEOs. “High pay for CEOs attracts annual attention and recitations about the immorality of capitalism, but when the focus is on average CEO pay, they make less than half the annual earnings of college presidents, according to CBS News. The average CEO earns $176,840 annually, an amount that would make a university president into a pauper. In academia, college presidents earn $377,261 annually.”

To be fair, that’s because university boards have no duties to shareholders.