The era of ever rising pay packets for Australian university leaders has come to a halt, another casualty of COVID-19 and an estimated $1.8 billion downturn in higher education revenue.
He is poised to potentially receive the largest remuneration package in the country from next month when former ABC managing director Mark Scott begins at the University of Sydney on $500,000 less than his predecessor, Michael Spence, who was paid $1.53 million last year. However, Processor Maskell’s salary also includes an off-campus residence that accounts for $331,000 of his full remuneration. He also took a 20 per cent pay cut for six months last year.
The university, which has not yet announced Professor Bean’s successor, posted a $55.93 million deficit last year, putting it among the universities worst hit by Australia’s border closures, which have severely disrupted the nation’s $40 billion international student market. New Federation University vice-chancellor Duncan Bentley was the state’s lowest-paid vice-chancellor, with a remuneration package of $550,000 last year.
“But unfortunately as we’ve seen in this crisis, the vice-chancellors have really come up with nothing. There is no real strategic option other than to put their hand out to government every week, asking for a bailout.”
Ha ha Sucked in
No wonder migrants keep on coming here since the first migrants from their shithole of Britain!
None of them should be on more than 500k