Compensation Of College Presidents On The Rise03:45
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Columbia University President Lee Bollinger introduces Iranian President Mahmoud Ahmadinejad before he speaks at a forum for world leaders at Columbia University September 24, 2007 in New York City. A new report from the Chronicle of Higher Education showed that Bollinger was the top paid president at a private university. (Spencer Platt/Getty Images)
Columbia University President Lee Bollinger introduces Iranian President Mahmoud Ahmadinejad before he speaks at a forum for world leaders at Columbia University September 24, 2007 in New York City. A new report from the Chronicle of Higher Education showed that Bollinger was the top paid president at a private university. (Spencer Platt/Getty Images)
This article is more than 3 years old.

A survey of earnings of college presidents at 497 private colleges in 2013 reveals that compensation packages continue to rise, up 5.6 percent from the previous year.

The new report by the Chronicle of Higher Education showed the top earner is Lee Bollinger of Columbia University, with compensation totaling $4.6 million, followed by the University of Pennsylvania President Amy Gutmann, who received over $3 million.

Jill Schlesinger of CBS News talks with Here & Now's Jeremy Hobson about who's earning what and what's included in the compensation.

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This segment aired on December 7, 2015.

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