College Presidents Rake in Big Perks on Top of High Salaries

TIME

Firing a leader is supposed to end a crisis, not make it worse. But when the board of trustees at an Illinois college voted to get rid of the institution’s president after word began to get out about extravagant spending and secret insider contracts, it quietly gave him three-quarters of a million dollars’ worth of severance pay.

The deal to ease the departure President Robert Breuder’s exit from of the scandal-ridden College of DuPage, which is now also under federal and state investigation for alleged misdeeds including falsifying enrollment figures, has focused attention on a range of lavish perks given to university and college administrators around the country.

“Many of these agreements are done in secret, denying the public the right to weigh in on the appropriateness of such generous packages, while students suffocate under non-dischargeable debt,” said a report from the Illinois Senate Democratic Caucus. The full Senate voted…

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