According to recent surveys, 35 private university presidents and 4 public university presidents topped $1 million in income during the 2011-2012 fiscal year. Meanwhile, the vast majority of university faculty today are "contingents" -- either part-time or full-time with little to no job security -- and earn only a tiny fraction of these amounts. Even faculty with "regular" appointments are experiencing pay cuts and are rapidly falling far behind the income of their campus bosses.