The earnings of many top university presidents are spiraling up toward $1 million a year, according to an annual survey by The Chronicle of Higher Education, rising far more quickly than faculty salaries.
In the next two months, young Australians will experience the joy and heartache accompanying the arrival of year 12 results and, for those who make it, the decisions about tertiary courses. For those who succeed in qualifying for a university place, there should be a reasonable expectation that in a country that aspires to have a knowledge economy, such a place will be available. Yet the reality is vastly different. Australian Vice-Chancellors' Committee figures show that this year up to 7000 eligible Victorian students, and 24,300 nationally, missed out.