According to a recent report by the Chronicle of Higher Education, our much revered former President Graham Spanier made just under $1.1 million during the 2011 fiscal year. That makes G-Span the third highest paid president in public education, and only one of three to crack the 7-figure mark.
As you know, Spanier was fired on November 9th as a result of the Sandusky Scandal. He is still employed by the University and is currently on a one year sabbatical. According to a Penn State spokesperson, Spanier is still earning his presidential rate during his time off, in addition to whatever America is paying him to fight the terrorists.
But as I like to say, it could always be worse. Orville Redenbacher could be our President, and we could be paying him $2 million. Maybe the Little Sisters of the Poor should extend their services to Ohio State students with a bloated administrative salary like that.