The earnings of many top university presidents are spiraling up toward $1 million a year, according to an annual survey by The Chronicle of Higher Education, rising far more quickly than faculty salaries. Forty-two presidents of private universities were paid $500,000 or more in the 2003 fiscal year, the most recent for which figures are available, compared with 27 presidents the previous year. Just two earned half a million in 1994. The highest-paid private university president, William R. Brody of Johns Hopkins University, earned $897,786 in university compensation, not counting at least $100,000 in annual pay for membership on several...