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ERIC Number: EJ825464
Record Type: Journal
Publication Date: 2008-Nov-21
Pages: 1
Abstractor: ERIC
Reference Count: 0
ISBN: N/A
ISSN: ISSN-0009-5982
Some Presidents Turn down Bonuses or Raises to Help Stretched Students
Masterson, Kathryn
Chronicle of Higher Education, v55 n13 pB6 Nov 2008
When Michael J. Hogan, president of the University of Connecticut, declined a performance bonus after his first year as the head of the state's flagship university, he was not expecting grateful e-mail messages or glowing newspaper editorials, or that people he did not know would stop him at football games to say thanks. He is not the only college president who has responded to the financial crunch by returning compensation. This article reports that a handful, including leaders at Rutgers University and the University of Louisville, have either waived bonuses or raises or donated them back to their institutions. Higher-education experts say such moves are not common--and the money represents a small fraction of the shortfall many colleges face--but they can be a thoughtful gesture and a significant symbol when institutions are facing tough times and major cutbacks.
Chronicle of Higher Education. 1255 23rd Street NW Suite 700, Washington, DC 20037. Tel: 800-728-2803; e-mail: circulation@chronicle.com; Web site: http://chronicle.com/
Publication Type: Journal Articles; Reports - Descriptive
Education Level: Higher Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A