Penn State president makes bank

Penn State president Graham Spanier has donated more than $1 million to the 14-campus university, the Philadelphia Inquirer reports. Spanier’s “total cost of employment” at Penn State is also $800,592, according to the Chronicle of Higher Education’s newest report. This makes him the fifth highest paid chief executive at a public college for 2009-2010.

Ann Weaver Hart’s total cost of employment for the same year was $707,947.

In other presidential news, President Barack Obama makes around $400,000, plus expenses.