07/23/2012 08:51 am ET

Senate Candidate Clark Durant Paid More Than $500,000 By Cornerstone Schools

WASHINGTON -- If Clark Durant is successful in his race for the U.S. Senate, he'll have to take a huge pay cut.

That's often the case with successful businessmen who give up lucrative careers for elected office but not necessarily for someone such as Durant, 63, who founded and runs the Cornerstone Schools, a system of independent nonprofit schools in Detroit.

Since 2004, Durant's direct compensation has averaged nearly $450,000 a year -- about 2 1/2 times the $174,000 a U.S. senator makes. His total compensation -- averaging more than $500,000 a year -- in some years has been more than the heads of prestigious metro Detroit schools, including Cranbrook, and charter networks elsewhere in the nation with far more students.

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