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An “urgent overhaul” of senior pay at British Universities has been called for by the University and College Union (UCU), following the latest developments in the story.
The accounts for Bath Spa University show that Professor Christina Slade was paid £429,000 for “loss of office” alongside her £250,000 salary, with other benefits also included.
Professor Slade was granted a housing allowance of £20,000 to go with a further £20,000 for “other benefits-in-kind”. Another £89,000 worth of contributions was given towards her pension, which totalled her final pay package up to £808,000.
Responding to criticism levelled at Professor Slade and the university, a spokeswoman for Bath Spa University, said: “Having taken legal advice, the university paid Professor Slade a sum which reflected her contractual and statutory entitlements, and was considered to represent value for money.”
With the heavy cost and small recent rise in tuition fees, we went out to speak to London South Bank University students, about their thoughts on the pay vice-chancellors receive.
First year, Katie, said: “It’s too high in comparison to other workers that are employed by the University – it’s really unfair.”
Second year Politics student, Sam, said: “They should come out and say what they’re doing, to show us what we’re getting, then we can decide whether they’re worth it.”
Third year, Sarah, said: “The pay of vice-chancellors is justified, because they do have an important job. However, I don’t think that the extra bonus on top is right – it’s just not needed.”
Lord Adonis, who is leading a debate on vice-chancellor pay in the House of Lords, said: “If £800,000 represents value for money for a vice-chancellor, then I am the emperor of China.”
He said such high rates of pay were not acceptable when students could potentially be racking up debts of £100,000 because of the way interest was stacking up.
Lord Adonis is now calling for an independent investigation into the pay of vice-chancellors.