But They ARE Bank Executives and Hedge Fund Managers: You Don't Think They're Scholars, Do You?

To the Editor:

Re “For Colleges, Small Cutbacks Are Adding Up to Big Savings” (news article, June 19):

I would like to suggest a place to look for large savings: presidents’ salaries. Although most colleges and universities are classified as nonprofits, the obscene salaries paid to their top administrators have risen to the level of those paid to bank chief executives and hedge fund managers.

Alan Mironer
Bedford, Mass., June 19, 2009

link: Letter - One Way Colleges Can Save - Cut Presidents’ Salaries - NYTimes.com