Professor Nigel Savage, head of the College of Law, has been paid the thick end of half a million pounds for the second year in a row.
RollOnFriday first reported Savage's austerity-busting pay packet of £440,000 last year. At the time the College claimed that his basic wage had been topped up with a host of long and short term performance bonuses. But it appears that these "bonuses" were more like a "salary" - because he's been paid the same amount again. Which is still some four times that of the head of one of the CoL's main competitors. And appreciably more than Oxford and Cambridge Universities pay their Vice Chancellors. That's some pretty generous benchmarking from the College's governors...
Partners at many law firms - those working 18 hour days for less cash - will no doubt be pleased that so much of their hard-earned billings are going into the pocket of Prof Savage (and to the rest of the management board, who are paid an average of over £250k each). But of course most of this cash has been provided by strapped students (enforced by the relentless hunting of those who haven't paid). Many of whom will question the value they're getting, given that it's been another shabby year for the CoL what with shonky exam papers, the meagre rises for other staff and results idiocy.
Prof David Yates, Chairman of the Governors, wouldn't disclose the roles against which the salary was benchmarked. Eventually a spokeswoman for the College said that a "wide range of similarly-sized companies and organisations" had been used. So RollOnFriday has made a freedom of information request to find out which. Watch this space.
Yates did confirm that Savage's wedge was part of a three year incentive plan. So look out for him pulling in the same amount again...
Tip Off ROF
RollOnFriday first reported Savage's austerity-busting pay packet of £440,000 last year. At the time the College claimed that his basic wage had been topped up with a host of long and short term performance bonuses. But it appears that these "bonuses" were more like a "salary" - because he's been paid the same amount again. Which is still some four times that of the head of one of the CoL's main competitors. And appreciably more than Oxford and Cambridge Universities pay their Vice Chancellors. That's some pretty generous benchmarking from the College's governors...
 |
A fat cat yesterday |
Partners at many law firms - those working 18 hour days for less cash - will no doubt be pleased that so much of their hard-earned billings are going into the pocket of Prof Savage (and to the rest of the management board, who are paid an average of over £250k each). But of course most of this cash has been provided by strapped students (enforced by the relentless hunting of those who haven't paid). Many of whom will question the value they're getting, given that it's been another shabby year for the CoL what with shonky exam papers, the meagre rises for other staff and results idiocy.
Prof David Yates, Chairman of the Governors, wouldn't disclose the roles against which the salary was benchmarked. Eventually a spokeswoman for the College said that a "wide range of similarly-sized companies and organisations" had been used. So RollOnFriday has made a freedom of information request to find out which. Watch this space.
Yates did confirm that Savage's wedge was part of a three year incentive plan. So look out for him pulling in the same amount again...
Comments
67
82
I’m absolutely appalled by this. I can’t see how paying these kinds of salaries can be in the charity’s best interests or neccessary. Can a complaint be made to the Charity Commission for them to investigate and intervene?
I can’t wait for ROF to receive the freedom of information request reply. Perhaps some more requests could be made to gain evidence that this excess is totally unjustified.