December 2, 2008

Stanford administrators making more than $250,000 take 10 percent salary cuts

According to AP and San Jose Mercury News: “Senior administrators at Stanford University, including the president and provost, are taking a salary cut, as the nation’s economic decline places pressure on the university’s budget.

Provost John Etchemendy informed staff members about the salary reductions in a letter Tuesday, saying he and President John Hennessy have volunteered to reduce their salaries by 10 percent.

University spokeswoman Lisa Lapin said the salary cuts affect about 15 to 20 positions with salaries that start around $250,000. She said Hennessy makes around $700,000.”

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