Coj: And like the corporate sector the workers pay the price for bad marketing and bad management while upper management reaps the benefits of compensation.
George: Time for this country to wise up and remove the not-for-profit status from most major universities and colleges. They could receive 1:1 tax credits for any scholarship dollars given but the rest of their revenue should be taxable. These institutions have been abusing the system for years through frivolous spending and amassing endowments all the while tuition rates continue to skyrocket. Even sans the large pay increases of their presidents, most university professors do extremely well with their pay+benefits+flexible schedules — something they'd never find in the for-profit world. One day soon this bubble will burst as tuition rates rise to a level far unsupported by the salary opportunities of their graduates. Stripping their non-profit status now would force them to become more competitive and adapt to changing economic times.
Creative: The number of administrators on college campuses has grown exponentially in the last 30 years to where some schools have just as many "administrators" as professors.