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Fort Worth's top CEOs honored at FWBP event

The Fort Worth Business Press announced its Top CEOs last night at its Top 100 event held at the Fort Worth Club.

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North Tarrant Express completion date moved up to October

Fort Worth-area commuters can expect the 13.3-mile North Tarrant Express to open in full operation in October, eight months ahead of the original schedule.

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Left Bank project hits roadblocks on access, traffic

Questions about fire access and traffic are bogging down talks on an economic incentive agreement for the planned, $300 million Left Bank development on the Trinity River at West Seventh Street, Fort Worth officials and the developer acknowledge.

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TCU's Neeley School receives $30M donation as part of planned expansion

A $30 million foundation gift to Texas Christian University will help guide a $100 million facility expansion for the Neeley School of Business.

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Mixed-use complex at Fort Worth TRE parking lot could cost $60 million

A design panel proposes two buildings on Trinity Railway Express lot on Near Southside, with a mix of apartments, retail, office and parking, and frontage on West Vickery and views across I-30 and overlooking downtown.

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More private college presidents earning over $1 million

Top 5 in Texas

1. David W. Leebron
Rice University
Total compensation - $1,178,221
2. R. Gerald Turner
Southern Methodist University
Total compensation - $982,094
3. Victor J. Boschini Jr.
Texas Christian University
Total compensation - $876,924
4. Gary R. Cook
Dallas Baptist University
Total compensation - $763,944
5. Louis J. Agnese Jr.
University of the Incarnate Word
Total compensation $708,664

For more information: 

chronicle.com/section/Home/5/

Blake Ellis

NEW YORK (CNNMoney) -- As the dream of college remains unaffordable for many students and leaves others in mountains of debt, a growing number of private-college presidents are taking home more than $1 million a year.

A record 42 private college presidents saw their earnings top $1 million in 2011, according to a report released Sunday by the Chronicle of Higher Education. This is up from 36 presidents whose compensation topped $1 million in 2010. The data is based on the most recent tax filings available from the 500 private colleges with the biggest endowments.

The median total compensation, which includes salary, deferred compensation and other one-time payments, came in at $410,523, which is up from 3.2% from 2010.

University of Chicago president Robert Zimmer was the highest-paid president -- raking in $3.4 million. His base salary was $918,00, but much of his pay package came from deferred compensation.

Deferred compensation is tax-deferred money set aside until a specified date, and a growing number of universities use these packages to retain top talent.

Coming in at Number 2 was Joseph Aoun of Northeastern University, who was granted a $2 million retirement benefit that won't be disbursed until he leaves the university. Excluding that money, his compensation was a little more than $1 million.

Dennis Murray, who has been president of Marist College for 35 years, was third on the list. The majority of his compensation came from a one-time payment of $2 million from a deferred retirement plan that had been set up in 2001. It was supposed to come due the year he retired, which he had expected to be 2011. But he decided not to leave, so he received that money while still president.

Other presidents in the highest-paid club include Lee Bollinger of Columbia University, who helped the school avoid budget cuts with the most successful fundraising campaign in its history; and former Tufts president Lawrence Bacow, whose compensation included a one-time lump-sum payment of $1.7 million upon his departure.

Among public schools, only four presidents earned compensation exceeding $1 million in 2012. Graham Spanier, the former head of Pennsylvania State University, topped the list at $2.9 million. The median pay packages of public school presidents are slightly higher than private schools, at $441,392.

These multimillion-dollar presidential pay packages continue to be doled out despite how unaffordable college has become for many Americans. Student loan debt now exceeds $1 trillion, and the average college graduate owes more than $29,000 in student loans.

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