Gen. Petraeus Volunteers for Pay Cut, Will Receive $1 From CUNY

"Sixty-percent of Macaulay students are the children of immigrants or immigrants themselves, and as the son of an immigrant who settled north of New York City, I identify with them and applaud their achievements in earning a place in CUNY's honors college," Petraeus said. "Beyond that, I look forward to leading a seminar at Macaulay that examines the developments that could position the United States – and our North American partners – to lead the world out of the current global economic slowdown."

Martin Snyder, acting executive director of the American Association of University Professors, called the $150,000 salary "outrageous" and "ridiculous" for a public university, saying $150,000 could fund two full-time university professors to teach hundreds of students.

The most recent data from the American Association of University Professors in April shows full-time non-tenure-track faculty members nationwide earned a median academic year salary of $47,500 in fall 2010.

CUNY has aggressively fundraised about $2.7 billion from private sources over the last decade, Arena has said. The school system has 23 campuses in five boroughs with a total student enrollment of about 269,000.

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