Following two years of relative stagnation, the average full-time faculty salary at Cornell increased 2.8 percent from the 2009-2010 to the 2010-2011 academic years.

Skorton rejects S.A. Resolution 12 which called for more transparency from the administration.

A new study shows that, nationally, salaries of professors rose only 1.2 percent last year. This falls below the 2.7 percent inflation rate, meaning professors’ buying power is actually decreasing in the long run. Salaries of Cornell's professors and staff members are currently frozen.

Faculty salaries at major universities across the nation remain unaffected despite widespread budget and general economic woes.

Salaries for professors across the country rose by 3.9 percent last year, well above the inflation rate, according to the American Association of University Professors. According to USA Today, Weill Cornell Medical College Prof. Zev Rosenwaks, obstetrics and gynecology, allegedly earned a paycheck of $3.1 million last year, the fifth highest salary at any U.S. college.

The median salaries at the endowed colleges during the 2008-2009 school year were $93,500 for assistant professors, $109,800 for associate professors and $154,300 for full professors, according to data from the AAUP.

In a bold move last week, the University of Kentucky made John Calipari the highest paid coach in NCAA history by signing him to an eight-year, $31.5 million contract. Calipari’s salary is paid for exclusively by the Kentucky basketball program’s exorbitant budget. But we can’t help but wonder whether some of the new coach’s salary could be better used to help the university academically in a time when both the state of Kentucky and the nation in general are in a fiscal crisis.