Breitbart adds a little to this from the transcript:
On Thursday’s broadcast of Fox News Channel’s “The Five,” co-panelist Greg Gutfeld, author of “Not Cool: The Hipster Elite and Their War on You,” used his monologue segment to the hypocrisy in taking a $25,000 a month payout to point out income inequality at the City University of New York, which is a salary eight times what other professors make at the same institution.
“Today the award goes to New York Times blogger and Obama’s favorite economist Paul Krugman, who just got hired by the City University of New York to drop by once in a while,” Gutfeld said. “Apparently the school is going to pay the Krugster 25 grand a month to play a modest role at events dealing with inequality. Let’s recap – Krugs will yack about inequality for 25Gs a month. This is genius for is there no better way to point out the absurd extremes of inequality than getting paid eight times what other professors get? And no teaching. This is pure performance art — a stroke of masterful self-perpetuating employment. It’s like a fireman get paid for arson, a doctor spreading the flu so he can treat it. He creates the problem and arrives on the scene to provide the solution. He’s like alcohol”…. 
The Blaze points out that “CUNY is a publicly funded school… [and] according to Gawker pays its adjunct professors roughly $3,000 per course. Meanwhile, tenured professors make approximately $116,364 per year. Tenured professors are expected to teach, hold seminars and publish.” The Blaze continues:
- The City University of New York will pay economist and New York Times columnist Paul Krugman an estimated $225,000 over the course of nine months to participate in certain activities involving the school’s Graduate Center and Luxembourg Income Study Center.
And people wonder why tuition is sooo high. Because they have to pay elite scumbags like Krugman.