Community Corner
New Rutgers University President Gives Himself A 10% Pay Cut
The new president of New Jersey's flagship university has cut his salary by 10%.
July 2, 2020
NEW BRUNSWICK, N.J. (AP) – The new president of New Jersey’s flagship university has cut his salary by 10%, citing the school’s ongoing financial issues related to the coronavirus outbreak. Jonathan Holloway made the announcement Wednesday, his first day on the job.
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Rutgers faces a projected $250 million financial hit next school year due to the pandemic and has laid off hundreds of employees. The university also wants to freeze scheduled pay increases for workers.
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Copyright 2020 The Associated Press.