Robbing Peter To Pay Paul

posted by gyma

Or in this case: robbing students to pay overcompensated academic windbags. Even the Regents at the University of Colorado are unhappy about being lied to last year when they agreed to a 9.3% tuition hike. They believed some of the money raised by the tuition hike would be used as a merit-based salary pool to reward overperforming faculty and staff.

But what did CU do with the money?

They increased the Chancellor's salary from $340,000 to $389,000 because it's hard to find a good Chancellor these days.They also gave the freakin' Human Resources Director a $30,000 raise, increasing her salary to $240,000.

In addition to these two, 7 more top administrators received pay raises in excess of $10,000.

So what are they going to do now? Ask for a 15.7% increase in tuition next year, because lord knows you can't live comfortably on $390K!