Stanford Administrators Accept Salary Cut

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Stanford University, that higher-learning institute that most of us did not get into, is feeling the economic pinch just like their public school plebeian counterparts. Senior administrators at Stanford plan on taking a salary cut this year, including the school president and provost. The cuts will affect 15 to 20 positions with salaries that begin in $250,000 range, so, you know, no worries. President John Hennessy, who takes in $700,000 annually, has volunteered to take a 10% reduction. In other Stanford news, someone (allegedly) climbed down Hoover Tower late last night, taping huge footprints to the side of the building. Anybody have pics of this youthful frivolity? If so, do send them our way.

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How do these salary cuts help the students? Lower their tuition by ten bucks?

Fortunately I'm at SFSU... I don't have to pay huge gobbles of money to get educated!

Stanford tuition is free if your income is below a certain level.

@munchkin: Yeah, if you make less than 60k per year you'll get a total free ride. I doubt many of those students live in San Francisco.

Compare to the bloated, self-serving bonuses of University of California administrators reported in today's Chronicle:

http://www.sfgate.com/cgi-bin/article.cgi?file=/c/a/2008/12/03/MNH614GCU0.DTL

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