Three top leaders at the College of William & Mary are taking pay cuts, and the school is instituting a voluntary furlough program in an effort to increase financial flexibility amid COVID-19. The moves underscore that as students prepare to return to campus, colleges and universities across the state are juggling financial pressures as they prioritize safety precautions. In a joint statement on Tuesday, William & Mary President Katherine Rowe, Provost Peggy Agouris, and Chief Operating Officer Amy Sebring called this summer “the challenge of a career.” Rowe will ask the school’s Board of Visitors to reduce her compensation by 15% through the end of the calendar year. The provost and COO voluntarily cut their compensation by 12%.
https://fredericksburg.com/news/state-and-regional/william-mary-leaders-take-pay-cuts-announce-voluntary-furloughs-as-colleges-cope-with-covids-fiscal/article_6b3168aa-a70b-5e0e-bc2c-31f8d6b4843b.html
