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Faculty Salary Squeeze

Yesterday we noted that the Kim administration’s squeeze on faculty salaries was particularly marked at the level of Assistant Professors — faculty members new to the College who are bucking for tenure — as noted in Economics Professor Eric Zitzewitz’ presentation to the faculty. That conclusion was based on American Association of University Professors (AAUP) data. However confidential data from the Consortium of Financing Higher Education (COFHE), considered by many observers to be of higher quality, shows that the pinch was actually put more on the College’s senior professors. A source has sent in a letter that sheds some light on that event:

Heatherton Letter Comp.jpg

The Committee on the Faculty (COF) is the grouping that speaks for the College’s professors. You’ll note that in 2012 the COF stated: “We therefore urge aggressive action to remedy the erosion in faculty compensation we have experienced this year.” Note also that Professor Zitzewitz’ data showed that the Kim and Folt administrations did not respond to this request (though the Hanlon administration has increased the salaries of tenure-track assistant professors).

When Kim faced what he called a budget crisis — which was nothing of the kind — he trimmed compensation, or at least the growth of compensation, at all levels of the College, in addition to gouging undergraduate and graduate students’ financial aid and tuition. What he didn’t do, out of some kind of foolish sense of caring and condescension, was trim the bloated staff, which has grown significantly in each of the past five years.

I know that I go on and on regarding this issue, but the College will make little progress until the absurd waste ends.

Addendum: Professor of Psychological and Brain Sciences Todd Heatherton has confirmed the authenticity of this letter.

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