Outrage As Two Thirds of Vice Chancellors at Cash Cutting Universities Are Revealed to Have Taken Pay Rises
Despite severe financial struggles across the university sector, over two-thirds of vice-chancellors at cash-strapped institutions enjoyed significant pay rises last year. The Mailhas the story.
Of 66 institutions known to be making redundancies or taking cost-cutting measures, 43 gave their vice chancellor a pay bump.
Some were awarded pay package boosts of up to 26%, with many pocketing total deals worth well over £400,000 a year. …
It comes as Universities U.K., which represents vice chancellors, warned finances in the sector had deteriorated “fast” and demanded Government help.
Consultant Public First has called for a £2.5 billion fund to provide state-backed loans for universities to avoid them going under. It warned that ministers must plan for at least one university collapsing. …
In one example, Teesside University announced a “university-wide voluntary severance scheme” earlier this year – but its Vice Chancellor’s total remuneration package rose by 17%, from £312,139 in 2021/22 to £364,305 in 2022/23.
And Professor Adam Habib, President of London University’s School of Oriental and African Studies (SOAS) – where 34 English language and study skills support staff are at risk of losing their jobs – received a total package worth £410,061, up from £324,074 – a 26% increase.
Professor Adam Habib (pictured), President of London University’s School of Oriental and African Studies (SOAS)
“THE UNIVERSITIES ARE TOO BIG TO FAIL AND MUST BE BAILED OUT BY THE TAXPAYER (BECAUSE WE NEED THEM TO CONTINUE CULTIVATING THE NEXT GENERATION OF BRAINWASHED YOUNG ADULTS)!”
Words between parantheses whispered in the corridors of the Houses of Parliament
As always the solution involves someone else’s money:
It comes as Universities U.K., which represents vice chancellors, warned finances in the sector had deteriorated “fast” and demanded Government help.
Consultant Public First has called for a £2.5 billion fund to provide state-backed loans for universities to avoid them going under. It warned that ministers must plan for at least one university collapsing. …
So what if a university collapses (deliberately overdramatic word for a business ceasing to trade because they can’t provide goods or services people want to buy at a sustainable price – perfectly natural and happens all the time because human beings and life itself are chancy and imperfect).
soundofreason
1 year ago
We must save money, at any cost!
PRSY
1 year ago
This all started when fees were introduced and the naive government thought that “a maximum of £9K” would induce competition. Like a lot of big business these days, it’s all about making money, the customer being a mere inconvenience. It even trumps national security.
Someone should ask how much debt is outstanding from foreign students, how many of them are up to date with their work and how many actually graduate and get related jobs.
RTSC
1 year ago
No wonder William Hague is desperate to become Oxford’s Vice Chancellor.
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Wait for it:
“THE UNIVERSITIES ARE TOO BIG TO FAIL AND MUST BE BAILED OUT BY THE TAXPAYER (BECAUSE WE NEED THEM TO CONTINUE CULTIVATING THE NEXT GENERATION OF BRAINWASHED YOUNG ADULTS)!”
Words between parantheses whispered in the corridors of the Houses of Parliament
As always the solution involves someone else’s money:
It comes as Universities U.K., which represents vice chancellors, warned finances in the sector had deteriorated “fast” and demanded Government help.
Consultant Public First has called for a £2.5 billion fund to provide state-backed loans for universities to avoid them going under. It warned that ministers must plan for at least one university collapsing. …
So what if a university collapses (deliberately overdramatic word for a business ceasing to trade because they can’t provide goods or services people want to buy at a sustainable price – perfectly natural and happens all the time because human beings and life itself are chancy and imperfect).
We must save money, at any cost!
This all started when fees were introduced and the naive government thought that “a maximum of £9K” would induce competition. Like a lot of big business these days, it’s all about making money, the customer being a mere inconvenience. It even trumps national security.
Someone should ask how much debt is outstanding from foreign students, how many of them are up to date with their work and how many actually graduate and get related jobs.
No wonder William Hague is desperate to become Oxford’s Vice Chancellor.