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Pay Rise for University Vice-Chancellors

Feb 22 2007 20:32
Nick Simpson
The Time Higher Education Supplement reports University Vice-Chancellors salaries rose 7.9% in 2005-06.
Blair? He earns peanuts!

The significant pay rise recieved by University vice chancellors has raised a few eyebrows in the education sector. After a year where many students suffered at the hands of striking lecturers (ironically over pay deals), the University and College Union announce 43 vice-chancellors are paid more than Prime Minister Tony Blair and of those 34 were earning over £200,000 per annum. Meanwhile the majority of UK university staff saw a pay rise near the 3.5% mark - much closer to the rate of inflation.

Imperial's very own "vice-chancellor", the Rector, Sir Richard Sykes, is the second best paid vice chancellor in the country; last year his salary was revealed to be £305,000, second only to Prof. Laura Tyson, dean of the London School of Business. To put this into perspective, Tony Blair's salary in 2005 was in the region of £175,000, and he runs the country!

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