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College presidents are raking in more

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From Times Wire Reports

More college presidents are earning annual compensation of $500,000 or more, fueled in part by stiff competition by schools for the best candidates, according to a study. Some 112 of the 853 public and private university presidents surveyed said they had pay and benefits packages of more than half a million dollars, according to an annual report being published today in the Chronicle of Higher Education.

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