I don't know anyone who thinks our colleges and universities are better run than they used to be, who thinks the rising costs of a university education--higher than inflation for many years now--is justified and reasonable. Is it easier now, or harder than it used to be, to complete a bachelor's degree in four years? Is the education our students get any better than it used to be?
Are university presidents doing such a great job that they deserve the significant pay they receive? (And I'm not talking about private universities here--they can pay whatever they want. I'm talking about public universities, supported by the taxpayers.) And what are they doing that justifies performance bonuses, even as they raise tuition by double digit percentages each year?
The taxpayers should insist that something yield.
(Hat tip to NewAlert for the link)