Rudenstine's earnings are determined by the Harvard Corporation, the University's top governing board.
The Corporation surveys the salaries of high officials of other universities but does not tie Rudenstine's earnings to those figures.
The Chronicle found that the nation's highest paid college president during the '97-'98 year, Howard J. Burnett of Washington and Jefferson College, received $1,052,673, which included a bonus when Burnett retired at the end of the year.
Rodin, who has other duties at the University of Pennsylvania besides the presidency, received the second-highest compensation package.
"This year was our most lucrative year since we started looking at the salaries during the '91-'92 year," Burd said. "We saw more presidents making over $400,000 and $500,000."
During the '97-'98 academic year, eight presidents received annual salaries over $500,000 and 13 received over $400,000.
Sixty-one presidents received over $300,000.
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