Academic millionaires

This is what some American shock-jock thinks:

You go to UC Berkeley, you go to Stanford, you go to these various campuses and these students are out there protesting, "We need more money for our schools!" And standing next to them are the professors. "We need more money for our schools!" Hey, have you ever asked that professor how much money they're making every year? These professors are all millionaires. They're millionaires with big, big salaries and big, big retirement packages. And yet they dress like little schmoes, you know, with their crummy jackets [Officer Vic: Patches on the elbow.] that are twenty years old, yeah, and patches on the elbow. And their ties are askew and their hair's kinda crappy and they drive crummy little cars and they're millionaires. They're all millionaires! And they actually have the gall to stand next to the kids who are protesting because their fees are too high. "We need more money for our schools!" So you can pay these millionaires!

I've never met one. I have a good, middle-class wage - not enough to raise a mortgage yet, a temporary contract, and years of no savings thanks to the extra degrees we have to do.