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Graham Spanier

Four public university presidents make collective $9.2 million

Four public university presidents make collective $9.2 million

Four presidents at public research universities made a collective $9.2 million in fiscal year 2012, with the top earner of the group making much of his money because he was fired, according to a report released Sunday by the Chronicle of Higher Education.

Graham B. Spanier, who was terminated from Pennsylvania State University in late 2011 for his handling of a child-molestation scandal, was paid $2.9 million — $1.2 million of it in severance.

This was the first fiscal year that four presidents topped the million mark in compensation.

The typical president was more likely to make around $441,000, the median compensation figure in the survey of 212 presidents at 191...

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