The Chronicle of Higher Ed has a survey of public university executive compensation out that a lot of news organizations are citing. The B1G has three of the the top ten: Spanier (PSU) at no. 1, Gee (OSU) at no. 3, and our own Mary Sue Coleman at no. 6. The real head scratcher in the top ten salaries for me is Ball State University's president who is ranked fifth.
Here's the top ten as reported by the AP (their list was easier to copy and paste):
Top 10 recipients, in total compensation, among public college leaders in 2011-12.
1. Graham Spanier (x), Pennsylvania State University, $2,906,271
2. Jay Gogue, Auburn University, $2,542,865
3. E. Gordon Gee, Ohio State University, $1,899,420
4. Alan Merten (x), George Mason University, $1,869,369
5. Jo Ann Gora, Ball State University, $984,647
6. Mary Sue Coleman, University of Michigan, $918,783
7. Charles Steger, Virginia Tech, $857,749
8. Mark Yudof, University of California, $847,149
9. Bernard Machen, University of Florida, $834,562
10. Francisco Cigarroa, University of Texas, $815,833
(x) No longer president.
———Source: The Chronicle of Higher Education
[Edit: Nearly half of Spanier's compensation is severance pay]