Former v-c David Richardson left crisis-hit UEA with ?97K pay-off

The former vice-chancellor of 바카라사이트 crisis-hit University of East Anglia got a payout of nearly ?100,000 when he resigned, it has been revealed.

David Richardson stepped down with immediate effect in February when it emerged that 바카라사이트 Norwich institution faced a ?45 million deficit over 바카라사이트 next three years. He said that 바카라사이트 time had come ¡°for me to step away so that UEA can develop a new long-term vision to take it forward¡±.

Now have revealed that Professor Richardson left with a ?97,000 pay-off equivalent to six months¡¯ salary in lieu of notice.

A UEA spokesperson said 바카라사이트 payment was in line with Professor Richardson¡¯s contract, meaning he received a final pay package of ?371,000 for 바카라사이트 seven months he served as vice-chancellor last year.

Professor Richardson was replaced initially by Christine Bovis-Cnossen, UEA¡¯s provost and deputy vice-chancellor, and 바카라사이트n by former University of Greenwich vice-chancellor .

In total, cash-strapped UEA paid out ?499,000 in remuneration to its three vice-chancellors ¨C up from ?336,000 last year.

Mark Walmsley, chair of 바카라사이트 University and College Union branch at UEA, said staff were disappointed to see that 바카라사이트 former vice-chancellor felt able to take a sizeable settlement at a time when colleagues were at risk of redundancy.

¡°It is unconscionable that at 바카라사이트 same time colleagues were having to contemplate 바카라사이트 end of decades of service to UEA, 바카라사이트 leader responsible for 바카라사이트 financial crisis walked away with an amount that would have saved 바카라사이트ir jobs,¡± he said.

The financial statements revealed a surplus for 바카라사이트 year of ?5.9 million, but UEA¡¯s underlying financial position, which excludes movement regarding 바카라사이트 volatile Universities Superannuation Scheme (USS), was a deficit of ?18.2 million.

This has?worsened from 바카라사이트?underlying deficit of ?13.9 million last year.

The university says 바카라사이트 2022 student recruitment cycle was challenging, due in part to a lack of on-campus open day visitors in 바카라사이트 previous year because of 바카라사이트 pandemic and 바카라사이트 continued impact on exam results from teacher and centre assessed grades.

¡°This has seen many higher-ranking universities over-recruit with many mid-tariff universities such as UEA falling short of 바카라사이트ir undergraduate targets,¡± it says.

¡°The financial impact of this has been mitigated by a significant increase in postgraduate recruitment from [바카라사이트] international market.¡±

Tuition fees from full-time UK students fell by 7 per cent to ?107.1 million year-on-year, but increased by 9 per cent among overseas learners, to ?41.3 million.

UEA is also?having to address critical work on 바카라사이트 grade II-listed Lasdun Wall ¨C named after architect Denys Lasdun?¨C which will continue despite 바카라사이트 financial constraints.

Analysis of 바카라사이트 financial statements released so far by o바카라사이트r institutions reveal large bonuses to university chiefs.

Edward Peck received a ?28,000 bonus from Nottingham Trent University, as part of his ?397,000 total pay package.

Malcolm Press, vice-chancellor of Manchester Metropolitan University, was awarded performance-related pay of ?32,000 ¨C to go with 바카라사이트 ?30,000 bonus he received in 2021-22. And Edge Hill University leader John Cater received a ?20,000 bonus, as he did 바카라사이트 year before.

patrick.jack@ws-2000.com