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Payday: OSU's Gee Takes It Home

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COLUMBUS, Ohio -- A new survey shows Ohio State's Gordon Gee is the nation's highest paid president of a public university.


An annual report from the Chronicle of Higher Education shows Gee earned more than $1.3 million in the last academic year, including a recently announced $310,000 bonus.


Salaries of public university presidents nationwide climbed 7.6 percent last year.


Gee was one of 15 presidents who took home at least $700,000 in the 2007-2008 school year, up from eight in last year's survey. Nearly one-third now earn over $500,000.


The salary increases almost entirely reflect contracts signed before the economy took its sharp turn downward.


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