Author Topic: money problems at colleges  (Read 4186 times)

Offline YSU1

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money problems at colleges
« on: March 19, 2019, 09:45:40 AM »
University of Akron offers buy-out to 47 percent of faculty. 

Offline go guins

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Re: money problems at colleges
« Reply #1 on: March 19, 2019, 10:24:20 AM »
University of Akron offers buy-out to 47 percent of faculty.
Yes, it's true
AKRON, Ohio -- The University of Akron offered a buy-out to about 47 percent of faculty on Monday in an effort to balance its budget.

Taking a “voluntary separation or retirement" offer would pay a faculty member 100 percent of 2019-20 base pay, split into two installments. The employee would leave the university on May 31, 2020. The first payment would come on July 2020, the second in January of 2021.

Where are those MAC signup sheets anyway?  That is one screwed up bunch running that school and their #1 stupid move was letting Jim Tressel get away and return to YSU.  Idiots!
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Offline Wick250

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Re: money problems at colleges
« Reply #2 on: March 19, 2019, 10:25:36 AM »
Go in debt by many millions of dollars by building a football stadium that few care about, then trash your academic programs as you feel the money crunch.  Ah, the glory of phony "big time" athletics.

Offline go guins

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Re: money problems at colleges
« Reply #3 on: March 19, 2019, 10:39:21 AM »
Go in debt by many millions of dollars by building a football stadium that few care about, then trash your academic programs as you feel the money crunch.  Ah, the glory of phony "big time" athletics.
That is pretty much exactly the way I see it too. 
They did exempt law professors and a couple other successful programs, but 47% seems like you were BADLY managing things right up until now.  They discussed this in March of '17 and said no and then did the "university thing" and formed a committee that they announced is being at least temporarily scrapped.
UA enrollment down  YSU enrollment up
UA athletic budget out of controll  YSU at least being managed.
UA budget in serous trouble  YSU budget balanced for first time in long time.
US let Tressel get away  YSU smart enough to JUMP on UA's mistake.
Watching Penquins Football & Basketball since 1967!