Combined with declines dating back to fall 2019, professors and instructors have lost 7.5% in their income adjusted for inflation. Over the same period, presidents’ salaries rose 9.6% and chief financial officers’ (CFOs) pay rose by 12.7%. According to the Washington DC-based American Association of University Professors (AAUP) Annual Report on the Economic Status of the Profession, 2022-23, this means that while the pandemic took a toll on senior administrators’ salaries, they were “better insulated from its effects than the faculty”.
