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October 24, 2008, 03:10 PM ET
Economic Crisis Takes Its Toll in Presidents' and Professors' Pay
For the first time, the presidents of the University of Iowa, Iowa State University and the University of Northern Iowa will have their annual bonuses tied to performance goals that were determined by the presidents and the Iowa Board of Regents, The Chicago Tribune reports.
Meanwhile yet another university system has opted to shelve raises for its top administrators, given the dismal economy. According to the Tuscaloosa News, the presidents of three University of Alabama campuses — Tuscaloosa, Birmingham, and Huntsville — won’t get pay hikes this year, though they’ll still be eligible for bonuses.
It looks like professors at some state colleges and universities in Massachusetts
and California
can kiss their raises goodbye, too.
Categories: Salary-and-benefits
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