Salaries for vice presidents at the school would be cut by 10 percent, while cabinet members would face an 8 percent reduction, according to Spring Hill President the Rev. Gregory S. Lucey . Staff members making more than $33,000 would receive a 7 percent cut in pay. The salary reductions will not go into effect until August.
Lucey said he regrets this is one of his last actions as president. Lucey is retiring June 1, the same day the Rev. Richard P. Salmi of Loyola University in Chicago becomes the school's 38th president.
"I'd rather be walking out having faced the reality and addressed it than to have shoved it under the rug and say wait until he finds out," Lucey said. John Kerr, a spokesman for the school, said the decision would cut the pay for eight of the school's administrators. He said he didn't know how many staff would be affected.
Link (here)
No comments:
Post a Comment