U of North Carolina cuts strings on golden parachutes for top administrators

by E Wayne Ross on January 11, 2010

Charlotte Observer: UNC system clamps down on leave pay

Chancellors had been taking long leaves at full salary, and then retiring or taking new jobs.

CHAPEL HILL The UNC Board of Governors has revised a policy that spent hundreds of thousands of dollars on UNC administrators who were supposed to return to teaching but instead retired, took other jobs or were eased out of their jobs.

Campus chancellors – and the UNC system president – will now get a six-month leave after stepping down at a salary comparable to what other faculty members in their academic departments earn. Previously, the “retreat rights” policy allowed a year of leave at the full administrative salary.