University presidents and athletic administators are among those who have begun taking pay cuts amid the pandemic and recession.
Michael Schill, president of the University of Oregon, on Friday announced a temporary reduction of 12 percent to his pay, The Register-Guard reported . The university's vice presidents and athletic director will have their pay cut by 10 percent. The reductions will be in place six months, but may be extended.
“We are almost certainly all going to have to make sacrifices,” Schill said.
Athletic department coaches and other staff members at Iowa State University collectively will take $3 million in pay reductions, according to the Des Moines Register. The pay cuts are due in part to lost revenue from canceled basketball tournaments, Iowa State said.
The provost and president at Stanford University will take 20-percent pay cuts, according to Palo Alto's The Daily Post. Other senior administrators at Stanford will see their pay slashed by 5 to 10 percent.
Andrew Rosen, the chairman of Kaplan, Inc., which partners with Purdue University on the online Purdue University Global, has elected to take a 50-percent pay cut, Kaplan's holding company said in a corporate filing.
Carol Folt, who became the University of Southern California's president last year, will take a 20-percent cut, The Los Angeles Times reported. Just before the pandemic hit, the university closed on its purchase of an $8.6 presidential residence for Folt in Santa Monica.
from Inside Higher Ed | News https://ift.tt/2RfJ3D3 https://ift.tt/eA8V8J
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