Florida International University got a new president this weekend: Chancellor Mark Rosenberg. And guess what? He'll make a lot more than the last guy, Mitch Maidique. At $680,000 per year, he'll garner in excess of what you or President Obama or the heads of many multinational corporations and foreign lands.
Thing is, even as the FIU president's salary is skyrocketing -- Maidique made a paltry $630,000 -- the university is slashing majors, departments, and jobs. And it's raising tuition.
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First the good news for FIU: There's brand new school of medicine, which accepts their first class in August, just picked up a hefty $20 million donation from Herbert Wertheim. The donation was first offered 3 1/2 years ago, but he got in a little quarrel with former President Mitch Maidique over installments, but now that Maidique is out of the way Wertheim is ponying up. The Religious Studies program, which was previously hanging on by, well, a prayer will also be continued. In
