To: The Penn State University Board of Trustees
Petition to implement an across-the-board salary cut of 20% for all Penn State administrators ear...
Implement an across-the-board salary cut of 20% for all Penn State administrators earning over $250,000.
Why is this important?
This measure would make a significant tangible, and symbolic effort to address the recent financial difficulties Penn State University is facing as a direct result of the negligence of several top administrators (including $60 million via the NCAA fines, estimated hundreds of millions of dollars paid out in lawsuits and settlements, mismanaged healthcare initiatives, etc.) These tremendous costs should not be borne by the faculty, staff, and students of this University who are clearly not responsible for what can only be considered administrative failures at the highest levels.
For the past five years, faculty and staff salaries have been limited to what are essentially below cost-of-living increases, and tuition rates have continued to rise annually for students already burdened with massive loans. It is unacceptable, unethical, and wholly unjust for the top administrators not to share the burden of responsibility in their earnings. As members of the Board of Trustees of the Pennsylvania State University, you have both leadership and fiduciary responsibilities—to act on behalf of the entire Penn State community.
We urge you to take this action.
For the past five years, faculty and staff salaries have been limited to what are essentially below cost-of-living increases, and tuition rates have continued to rise annually for students already burdened with massive loans. It is unacceptable, unethical, and wholly unjust for the top administrators not to share the burden of responsibility in their earnings. As members of the Board of Trustees of the Pennsylvania State University, you have both leadership and fiduciary responsibilities—to act on behalf of the entire Penn State community.
We urge you to take this action.