SNIPPET OF THE DAY – AT 9:01 A.M. ET:

The club of private college and university presidents earning seven figures is getting less exclusive.  Thirty presidents received more than $1 million in pay and benefits in 2008, according to an analysis of federal tax forms by The Chronicle of Higher Education. More than 1 in 5 chief executives at the 448 institutions surveyed topped $600,000.

Now you know where the $42,000 a year in tuition and fees goes.  When will we learn that colleges are businesses?

November 15, 2010