The Chronicle News Blog: Johns Hopkins Freezes Hiring and Salaries, and Will Cut Top Administrators’ Pay
The Johns Hopkins University announced today that it would freeze all hiring and most salary increases, and would reduce top administrators’ pay by 5 percent, in response to the economic crisis.
The university’s endowment lost 20 percent of its value in the first six months of the fiscal year beginning last July, and revenue for the 2010 and 2011 fiscal years will be $100-million short of previous estimates, the university’s president, William R. Brody, wrote in a grim e-mail message sent today to faculty members, staff members, and students.
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