March 21, 2003
Stanford U. Freezes Faculty and Staff Salaries
Stanford University is freezing faculty and staff salaries for next year. While such freezes have become common at public colleges and less-elite private institutions, the step may be the first of its kind for the nation's top private universities in the current economic downturn.
John W. Etchemendy, Stanford's provost, made the announcement in a letter sent to all employees. He also said the university would cut operating funds to departments by 5 to 10 percent and make selected
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