Former A&M Chancellor Nearly Highest Paid Exec at Public College

He may have stepped down in July, but former Texas A&M System Chancellor Mike McKinney is still making headlines, this time for his salary.

As reported by the Texas Tribune, The Chronicle of Higher Education compiled a list of the highest compensated executives of public colleges for Fiscal Year 2011.

McKinney ranks second in the nation for what he made that year. His $1,966,347 amount includes a $683,000 separation agreement, though subtracting that total would still put him second on the list.

His annual salary was $533,000, but because of deferred compensation over the years, the number grew for FY 2011 with his departure.

In the State of Texas, A&M President R. Bowen Loftin ranks eighth on the list with a $525,000 salary. His counterpart at the University of Texas, Bill Powers, is the highest paid university president on the list with a $667,212 salary.

"These data show the compensation received in the 2010-11 fiscal year by 199 chief executives at 190 public universities and systems in the United States," according to the Chronicle's website. "Fiscal years typically end June 30."

The only person nationally to rank higher than McKinney is, like Loftin, known for his bow ties. Ohio State University President E. Gordon Gee earned $1,992,221 in FY 2011. Now-former Penn State University President Graham Spanier was a distant third, but the only other person to have a salary above $1 million.

McKinney's successor, John Sharp, makes $507,300 currently, according to the Tribune's online database.

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