Why did Kenyon give President Nugent a 147% raise in 2011?

S. Georgia Nugent was the 20th highest-paid college president in 2011.

S. Georgia Nugent was the 20th highest-paid college president in 2011.

As you might suspect, college presidents make big bucks in exchange for calling the shots (and fundraising) at campuses nationwide. At private schools, the president is commonly the highest paid employee. At public schools, it’s usually the football coach.

But Kenyon’s former President S. Georgia Nugent put the College back in the spotlight on Monday when she made The Chronicle of Higher Education‘s list of the top twenty highest-paid private college presidents in 2011, pulling in nearly $1.3 million. That’s a 147% raise from what she made in 2010. What gives, Kenyon?

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The Monday Catchup

Romney has asserted to have paid an effective tax rate of at least 13% over the last 20 years (Via reddogreport.com).

Good morning! Here’s the news you may have missed:

The Lead Story: Mitt Romney released his tax records from 2011 on Friday, revealing that his effective tax rate was nearly 14% last year (he paid the IRS with about 950,000 fry pies). Romney’s tax rate could have been lower; however, he decided to forgo $1.75 million in charitable deductions so that he will have paid at least 13% in recent years, an assertion he has made frequently on the campaign trail.

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