Vice Chancellor pay revealed

[Selador]

Justified?

http://www.smh.com.au/national/educa...604-1zs7t.html

WITH a salary of more than $1.1 million, Macquarie University's vice-chancellor, Steven Schwartz, took home more last year than two counterparts at other universities combined, the most recent annual reports show.

Professor Schwartz's $1,184,661 remuneration includes a $300,000 ''long-term bonus'' on top of another $162,240 bonus. His package for 2011 is worth more than those of his counterparts at the universities of Wollongong and New England and is also more than double the Prime Minister's salary ($481,000).

Annual reports for the 2011 financial year were tabled in NSW Parliament last week. All 10 universities in the state achieved operating surpluses, the University of NSW netting the highest surplus of $88.9 million, followed by the University of Sydney with $88.5 million.


Macquarie and the University of Sydney have announced major staff cuts for 2012. The vice-chancellor of the University of Sydney, Michael Spence, earned $911,575: a base salary of $744,143, including use of a university-owned residence, and a performance bonus of $167,432.

Macquarie University did not comment on Professor Schwartz's salary other than that it was in accordance with his contract.

The NSW branch president of the National Tertiary Education Union, Genevieve Kelly, said the salaries did not send a good message when staff at many universities were facing job losses.

''One of the big problems with the vice-chancellor being so high is you also have another level of bureaucracy immediately under the vice-chancellor of very highly paid DVCs [deputy vice-chancellors],'' she said.

A spokesman for the University of Sydney said that salaries for Dr Spence and other members of the executive had actually decreased since 2010 and that the NTEU had lodged salary claims for a 28 per cent increase over four years or 7 per cent a year.

Third on the list is Fred Hilmer of the University of NSW, whose $847,599 does not include a performance bonus. Professor Hilmer's salary had increased 4 per cent, in line with a general staff increase, a spokeswoman said.

The Auditor-General, Peter Achterstraat, released his report into the financial health of the universities at the same time the annual reports were published. He found each institution would face major capital expenditure and liabilities for leave and superannuation this year.

[Shadowdude]

brb transferring to B Vice-Chancellery

[mitchy_boy]

haha shit

fuck IB, med, mining eng, etc

be a pro academic

[Azure]

Macquarie VC rolling it in.

[mirakon]

is he actually doing anything super rad at macquarie, any new initiatives etc.?

[Lolsmith]

is he actually doing anything super rad at macquarie, any new initiatives etc.?

when do they ever

[theism]

is he actually doing anything super rad at macquarie, any new initiatives etc.?

I heard they made the units harder to pass so that students would fail the units and have to re-do them. (particularly for international students doing commerce).

Serves a double purpose though i guess, as the graduates would be more developed academically.. thereby increasing the Uni's reputation amongst employers?

[Azure]

is he actually doing anything super rad at macquarie, any new initiatives etc.?

Don't get me wrong, there are a lot of new and exciting things happening at MQ, but absolutely nothing to warrant an outrageous salary like that.

[iRuler]

Good on him. Stop being so jealous you all.

[soloooooo]

No way should he earn 1.1 million (even in .45 m of that was in long service bonus etc). The way this country (and others) should be run is that the Prime Minister receives the highest salary in the nation. Then everyone else gets less than that (with the exception being if you own a company and draw profit from that etc).

[Ryan_T90]

Wait so how much would a Chancellor be paid!?

[Ryan_T90]

No way should he earn 1.1 million (even in .45 m of that was in long service bonus etc). The way this country (and others) should be run is that the Prime Minister receives the highest salary in the nation. Then everyone else gets less than that (with the exception being if you own a company and draw profit from that etc).

nah, we got a woman running this country, no salary like that for her. Stupid proposition too, sorry m8.

[Azure]

No way should he earn 1.1 million (even in .45 m of that was in long service bonus etc). The way this country (and others) should be run is that the Prime Minister receives the highest salary in the nation. Then everyone else gets less than that (with the exception being if you own a company and draw profit from that etc).

Please explain this logic to me.

[soloooooo]

Wait so how much would a Chancellor be paid!?

The Vice Chancellor is the person at the top. There is no one higher.

[soloooooo]

Please explain this logic to me.

The prime minister (or president in countries like the US) has to lead a country of in Australia 23 million people. You'd be hard pressed (if not impossible) to find any such company in the world which employs 23 million people. In effect the leader of a country is for the overall benefit (or detriment in Gillards case) of the country and it is the highest serving role that should commandeer the highest pay check. Just think if we had smart, talented people entering politics instead of business etc.

[soloooooo]

nah, we got a woman running this country, no salary like that for her. Stupid proposition too, sorry m8.

Mate, I don't like Gillard either. Although whether it is a man or a woman, Liberal/Labor/Greens/Alternative alliance running the country they should be paid the same (equality etc).

[Ryan_T90]

The Vice Chancellor is the person at the top. There is no one higher.

I see, I see.

[iRuler]

No way should he earn 1.1 million (even in .45 m of that was in long service bonus etc). The way this country (and others) should be run is that the Prime Minister receives the highest salary in the nation. Then everyone else gets less than that (with the exception being if you own a company and draw profit from that etc).

Wtf is wrong with you

[OzKo]

I see, I see.

The position of Chancellor is more or less a honorary position. The VC is the one who calls the shots.

[Shadowdude]

You do realise the US President gets like $300 000 or so a year, annually, right?

[Lolsmith]

You do realise the US President gets like $300 000 or so a year, annually, right?

http://www.foxnews.com/politics/2012...arnings-78674/

[Shadowdude]

I meant salary-wise... my bad.

But I think I recalled the salary wrong - I think the actual salary he gets is $400k.

[theism]

PM shouldn't be paid more than what she gets paid currently imho.

If you tally up the benefits that she would be getting, and put a dollar figure to that, (the Lodge, AFP 24/7 security, armored vehicles, 2 support vehicles, meals, entourage (support staff), flights,), it would probably be a few million a year.