Emory to cut presidential leadership and deans’ salaries by 15%
The outgoing president of the university Claire E. Sterk, her management team and the deans of the university will reduce their remuneration by 15% as of July 1 to compensate for the financial losses of the university due to the coronavirus pandemic, according to a May 19 college-wide email.
The university could not provide an estimate of exactly how much money the pay cuts will save, according to vice president of academic communications Nancy Seideman. The cuts will also be ‘subject to review at the end of [the] calendar year.”
The president’s management team is made up of 11 people and the University has nine deans. Of those expected to receive a pay cut, seven have salaries listed on the University’s 2017 tax returns, the most recent data available to the public.
Sterk won nearly $ 1.2 million in 2017. That same year Christopher Augostini, executive vice president of business and administration and chief financial officer of Emory, earned $ 698,203, vice president and secretary of Allison Dykes University earned 413,257 $ and executive vice president of health affairs and CEO of Emory Healthcare, Jonathan Lewin, earned approximately $ 2.2 million.
Also that year, Rollins School of Public Health dean James Curran won around $ 1.6 million, Emory College of Arts and Sciences dean Michael Elliott won $ 516,747, and Emory School dean. of Medicine Vikas Sukhatme won $ 255,127.
The announcement follows many financial losses reimbursements of campus fees and salary continuations for staff and faculty. The University has also set up several cost reduction efforts including budget cuts and a hiring freeze.
Curran told The Wheel in a May 19 email that he believes “it is appropriate for deans and others to sacrifice themselves in this way” as everyone “faces the public health crisis. of the century”.
According to the announcement, Emory expects a shortfall of $ 10 million for the current fiscal year, which ends August 31. The University will not know the extent of the losses due to the pandemic for the next fiscal year, but expects a “clearer financial picture” by the start of the fall semester.
âThis reductionâ¦ is not only a step in reducing costs, but also a representation of the commitment of the management team to preserve Emory’s academic and research missions,â reads the e -mail.
Student Government Association president Lori Steffel (21B) applauded the pay cut, noting that she thinks a 15% cut is high compared to other institutions.
âI was really delighted to see that – I attended a number of virtual town hallsâ¦ and a recurring theme was a polite request from members of the Emory community for the leadership to show sacrifice for the longest time. high level down. âSaid Steffel. “I think it’s a clear indication that they hear and understand these suggestions.”
Senior management at peer institutions made similar reductions in their compensation. The president, provost and chief operating officer of the University of Virginia took a 10% pay cut. Employees at Duke University (NC) earning more than $ 285,000 will face a “temporary pay cut” as well as “voluntary pay cuts” from senior executives. The president, provost and executive vice president of Harvard University (Mass.) 25% reduction in salary.
College Council Chairman Aditya Jhaveri (21C) said he believed the pay cuts were most likely symbolic and was unsure of the Emory community’s reaction to the announcement.
“I think their intention is to show that they really want to be there for the Emory community. – I’m not sure exactly how this is going to be received by the Emory communityâ¦ I hope they receive it well, âJhaveri said.