New Rutgers University President Gives Himself A 10% Pay Cut

New Brunswick NJ

02 July, 2020

11:57 AM

Description

From CBS Philadelphia: July 2, 2020 NEW BRUNSWICK, N.J. (AP) – The new president of New Jersey's flagship university has cut his salary by 10%, citing the school's ongoing financial issues related to the coronavirus outbreak. Jonathan Holloway made the announcement Wednesday, his first day on the job. Download The New And Improved CBS Philly App! Rutgers faces a projected $250 million financial hit next school year due to the pandemic and has laid off hundreds of employees. The university also wants to freeze scheduled pay increases for workers. Copyright 2020 The Associated Press. Read more at CBS Philadelphia