NY Times opinion columnist Frank Bruni:Platinum Pay in Ivory Towers

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The average salary of a Prof is around $140k.
There are 11 economics professors who average $190k
10 Petroleum profs making $175k.
16 Chem profs making $180k.
12 Finance at $236k
And the highest paid group is the one prof in African Studies making $240k

I would expect that many profs supplement their income from consulting and project work.

Of course, they do – courtesy of a limited requirements in teaching duties! How many of those fellows do you think might be serving the students in the next 3 months?