Incoming University of Texas president declines $1M salary

[TexasTowelie]

AUSTIN, Texas (AP) — Emails show the incoming president of the University of Texas at Austin declined a $1 million salary offer because he was concerned it could upset students and faculty at the school that has been stretched for funds in recent years.

“With many issues and concerns about administrative costs, affordability and tuition, such a salary will affect the ability of the president to work with the Texas Legislature on matters important to the university,” Gregory Fenves said in an email to Pedro Reyes, the UT System's executive vice chancellor for academic affairs.

Fenves warned that the proposed paycheck would draw “widespread negative attention from students and faculty because of budget constraints seen in the last five years.” His email was obtained by the Austin American-Statesman through an open records request.

Fenves is expected to receive his requested base salary of $750,000 a year, making him an outlier in a field where salaries generally push north of seven figures.

Read more: http://www.theeagle.com/news/a_m/incoming-university-of-texas-president-declines-m-salary/article_e12a07ba-f99d-11e4-a331-37eb53805715.html

[font color=FF6633]It's going to be tough to survive on only $750,000 a year.[/font]

[mr_tyberious]

1. UT Salary Comp's

whats sad is that the university has $$ issues and there are assistant football coaches making more than the prez of the university.

http://www.dallasnews.com/sports/college-sports/texas-longhorns/20140202-texas-football-assistant-coaches-salaries-revealed-new-defensive-coordinator-to-make-800k-in-2014.ece

[gopiscrap]

2. Welcome to DU

[Gothmog]

3. This is a good move by the new president

[F4lconF16]

4. Please.

I call bull. This guy wants the money, he just can't get it without pissing people off. This is publicity and making his life easier so he doesn't have to care about the students. They might protest or some shit like that, freaking dirty proletariat commie bastards.

[Paladin]

5. Have you checked the Austin real estate market lately?

Little shacks in average neighborhoods are going for $600,000, these days.

And as for the "freaking dirty proletariat commie bastards" swipe about UT, check your calendar: it ain't 1971 any more.

[F4lconF16]

6. I live in Seattle.

I get skyrocketing housing prices. He doesn't need $750,000 a year to be just fine. Maybe he might even have to save for a few years to afford a house. The horror!

And that wasn't a swipe, though I guess I didn't make that clear. Meant more as sarcasm as to how the administration percieves them--I fully support those "dirty commies" that protest for reasonable education costs.