This New York Times story claims that a recent Chronicle survey revealed, for the first time, that there were five presidents of private universities making over one million a year (Lynn University, Wilmington College, Vanderbilt, Boston Univ, and Middlebury College). The upward spiral continues: "Overall, the survey said, nine presidents of private universities earned more than $900,000 each, compared with none the year before, and 50 presidents of private universities earned at least $500,000 each, a 19 percent increase over the previous year." I am not going to get into whether or not such salaries are merited, whether boards of trustees have a correct understanding of what a college president should be, etc. All that would be too easy. Apparently, there is an imbalance in the supply and demand in the marketplace. Institutions are trying to find presidents who already have been, and the supply is dwindling. I do like one fellows comments: "Weve created a cadre of hired guns whose economic interests are totally divorced from students and faculty."