College Bosses Earn Record $1M+ Pay

Lean times can go to the back of the class when it comes to college presidents. A record 23 of them raked in more than $1 million last year, up from nine in 2007. Not so surprisingly, many of presidents reigned at institutions among the 58 which charged more than $50,000 in tuition and fees last year, up from just five the year before, AP reports.

Here's what the highest paid college and university presidents collect:

1. Shirley Ann Jackson, Rensselaer Polytechnic Institute: $1,598,247.
2. David Sargent, Suffolk University: $1,496,593.
3. Steadman Upham, University of Tulsa: $1,485,275.
4. Cornelius M. Kerwin, American University: $1,419,339.
5. Lee C. Bollinger, Columbia: $1,380,035.

Click the link for the complete list.