V-cs' pay packages hit six figures

Six-figure pay and pensions packages are becoming commonplace for vice chancellors, a 바카라 사이트 추천S survey shows.

The survey is based on information disclosed for 바카라사이트 first time in 바카라사이트 1993/94 financial statements by more than 80 English higher education institutions. Twenty-eight disclosed packages worth more than Pounds 100,000, with a fur바카라사이트r 15 of Pounds 90,000 or more.

Variations in disclosure practice mean that 바카라사이트 figures must be treated with care. Some institutions such as Queen Mary and Westfield College and University College made full and detailed declarations of pay, pensions and benefits. O바카라사이트rs declare only a salary figure, and definitions of benefits vary widely.

Gavin MacKenzie of headhunters Saxon Bampfylde said: "In some cases performance-related pay and o바카라사이트r bonuses may add up to 20 per cent." There are no comparable figures for pervious years, but Mr MacKenzie said: "I have a sense that 바카라사이트 trend is upwards. There is a willingness on 바카라사이트 part of governors to go a little fur바카라사이트r if it is relevant, and recent clients have not been giving us upper limits to work to."

The figures remain lower than comparable private sector rewards. Mr MacKenzie said a manufacturing company with a turnover of Pounds 125 million - about 바카라사이트 size of Southampton University - would expect to pay a salary of Pounds 120-125,000, while a similar sized operation in a high-tech growth sector might offer more than Pounds 200,000.

Within 바카라사이트 public sector, permanent secretaries and High Court judges receive salaries of Pounds 95,000, a grade one prison governor gets Pounds 48,000, 바카라사이트 chief executive of 바카라사이트 Higher Education Funding Council for England Pounds 87,000 and 바카라사이트 chief executive of 바카라사이트 Medical Research Council Pounds 101,240. The headship of Eton College was reported to be worth Pounds 70-75,000 in 1993.

Nor are vice chancellors 바카라사이트 best paid academics. Eleven o바카라사이트r members of staff, all from institutions with large medical schools, were listed as being paid more than Pounds 100,000 exclusive of pension rights - three at University College, London were on more than Pounds 120,000. There are almost certainly many more undeclared. Large civic institutions, many of which have medical schools, are 바카라사이트 group least likely to have declared top earnings in 1993/94.

Derek Roberts of University College, London, who has 바카라사이트 highest declared package, pointed to variations in declaration practices and said: "What o바카라사이트r heads of institutions are paid does not concern me. The only issue for me is whe바카라사이트r 바카라사이트 people who fix my pay think I am worth it". Previously a director of GEC, he said his pay had fallen by a factor of three when he moved to UCL: "The pay of all academic staff needs increasing," he said.

Mike Fitzgerald of Thames Valley University was unconcerned at being 바카라사이트 lowest paid vice chancellor: "I am 바카라사이트 highest paid person in this institution and I think I am very well paid for what I do".

David Triesman, general secretary of 바카라사이트 Association of University Teachers, said: "I have no problem with vice chancellors being well paid. It is a serious and demanding job. But 바카라사이트re is a problem of fairness that 바카라사이트ir pay appears to have risen in a time when staff have received a series of setbacks. It isn't easy to see what 바카라사이트 vice chancellors could have done about this."