Soaring vice-chancellors' salaries in Australia and the UK reflect a "clear failure of university governance" that demands political intervention, researchers say. He said when Sydney University vice-chancellor Michael Spence leaves Australia next month for UCL university in London, he will be taking a salary cut of more than 50 per cent. OK, there was the bubonic plague back in 1665. /Rotate 0 My boss the people who hire and fire me is technically the council. Australian Public Universities Vice-Chancellor Salaries and Workforce Casualisation: Ethical Tension? Million-dollar-plus salaries are a PR problem with the government and the general public. But $1 billion is an astronomical amount of money; it is more than the entire revenue of most universities, said Andrew Norton from the Centre for Social Research and Methods at the Australian National University. 13 Shareholders try to assert control by rewarding executives through salaries related to performance, creating an alignment of financial interests. When challenged, they maintain the vice-chancellor leaves the room when their pay is decided. Award winners will be celebrated during a reception at the UC Tech. endobj /Contents 23 0 R People forget that the private school phenomenon is very much an Australian thing. It had around 175,000 people. >> "Chief executives are paid for their business acumen. In. Stipends are paid by organisations (or their patrons) to enable unsalaried people to undertake activities deemed socially or organisationally valuable such as grant-aided research students (Mauss, Citation1924/Citation1990). We are doing that. The evidence suggests that the presence of highly-paid staff impacts positively on VC pay. As Table 2 starkly reveals, this ratio has increased very considerably since then. This is a clear failure of university governance and appears to have enabled VCs to secure remuneration for themselves at levels that exceed that which would serve as an appropriate reward necessary to ensure the appointment and retention of suitably talented people. Australian vice-chancellors are among the highest paid globally, to such an extent it has become a political football. For instance, a vice-chancellor may start in May and have eight months of remuneration recorded. Reporting on vice-chancellor salaries in Australia's and the United Kingdom's media in the wake of strikes, . Professor Gardner was among seven vice-chancellors whose remuneration declined, often because of altered performance pay arrangements, while some vice-chancellors rejected bonuses. That is their vital ingredient and they have training to get it. Journal >> /ExtGState 31 0 R Bachan and Reilly found little evidence that university performance accounted for UK VCs remuneration levels, concluding that: It may be the casethat VC pay is more merited than some of the harsher public criticism suggests.
