Tales from the corporate university: Presidential golden handshakes

Last year the Faculty Association of the University of British Columbia signed a three-year agreement that included ZERO, ZERO, and ZERO percent pay “increases.”

In addition, job security for all faculty is under attack as part-time, adjunct, and other types of contingent employment replace tenure stream positions.

University presidents, however, are exempt from these indignities.

Consider the following:

  • UBC gives a one-year leave to administrators for every five years served. UBC President, Martha Piper, recently announced she will retire in 2006, one year short of completing her second five-year term. But, she’ll keep her $700,000.00 salary for a full two years post-UBC.
  • U of Alberta president, Roderick Fraser will receive $740,000.00 while taking a two year leave leading up to retirement.
  • Carleton’s president Richard Van Loon was given a two year leave at $550,000.00 even though he will be past the mandatory retirement age of 65.
  • Janyne Hodder, a vice president at McGill U, is simultaneously collecting paychecks from McGill ($170,000.00) and Bishop’s U ($150,000.00) in a 16 month transition from her position as principal of Bishop’s.

Today, The Province newspaper summed it up in their headline: “Canadian university presidents are rolling into retirement with wheelbarrows full of cash.”

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