Plan to raise executive salaries goes before the Board on June 25
On June 4, the Board Committee on Faculty, Staff, and Administration approved the plan to raise executive compensation at the highest levels. Under this plan, the maximum salaires for deans, provosts, presidents, and Central administrators would rise at least 22%. The Chancellor’s maximum salary would jump 54% to $724,470, not including salary supplements such as housing allowances. (For details on the plan, see our analysis here.)
A petition opposing the increases gained over 250 signatures in less than a day. The Board Committee, chaired by Valerie Lancaster Beal, showed no concern over this, saying that high salaries were needed to attract applicants. Gloriana Waters, Vice Chancellor for Human Resources Management, said that there were no plans to automatically raise current administrator’s salaries.
The plan now goes to the full Board of Trustees on June 25.
The petition campaign is still getting more signatures at http://www.change.org/petitions/cuny-board-of-trustees-limit-executive-pay-and-save-tuition-for-student-aid. Here are some of the reasons people are signing
“Extra money should be used to make the university more accessible to students. Raising the salaries for administrators does not help the students in any way.”
“It’s outrageous for administrators to get a pay raise, while adjuncts get a barely living wage”
“Let’s not mirror Wall Street’s indifference and greed.”
“My students can’t afford textbooks, classes are twice as large as they used to be. There are many better places to spend this money than on increasing administrator salaries.”
“Everyone is making sacrifices in this economy. Executives need to do their part.”
“CUNY picks the pockets of poor students and stashes the loot in the accounts of its highest paid administrators.”
“By raising the pay limit, they will automatically inflate all administrator’s salaries. Every time they get more power, they use it.”
“We need leaders dedicated to the mission of public higher education, not greedy executives looking for a handout from CUNY”
“It’s unconscionable for administrators to raise their pay above the rate of inflation during a recession”
“Goldstein continues to perpetuate this godly view of executives, even when it comes to public education.”
“They fight tooth and nail during contract negotiations, but give themselves ten times the raise any staff or faculty member ever gets.”
For more updates on executive pay, see Executive Pay topic area.