Sabbatical payout pushes Oxford spending on v-cs past £1 million

Is it because Schwarzman donated £150m for a Schwarzman Humanities Centre (no irony there - er). Of course Blackstone is not contentious - er.Some of us are ashamed.

Gee. Yet another abuse re VC pay revealed. So now they get paid sabbatical-leave! To do what? If still in office, to go away and think or learn about coming back as a more effective VC? If leaving office, just what is the point in terms of spending charitable income in paying for Bloggs to take a year out? - and from what? Just how is such a contractual term justified as being for the best purpose of the charity? If not a contractual term, it is surely an ex gratia payment that needs Charity Commission or OfS approval? Time for Us to become much more accountable in terms of their governance as charitable entities?

Fair comment, David. A full study of executive remuneration in the context of universities’ charitable status can be found at Ch 5 of “The University-Charity”, including bonuses, severance payments etc, and the need for consents. How to engage the Charity Commission and OfS …..that is the question! www.universitycharity.co.uk