Outgoing College of Arizona president Robert Robbins is formally leaving his position subsequent month however will proceed to gather a paycheck by way of July 2026, The Arizona Day by day Star reported.
Whereas the Arizona Board of Regents is reportedly nonetheless in authorized discussions over his pay and obligations, ABOR advised the newspaper it might “honor the phrases of President Robbins’ contract.” Robbins at present earns a base wage of $734,407 a yr. His pay was reduce by 10 p.c in March, amid a $177 million deficit that upended the college’s funds.
It’s unclear whether or not Robbins will see any wage discount by way of the length of his contract or if he can have a school place at Arizona.
Robbins introduced in April that he deliberate to step down when a brand new president was employed. ABOR just lately employed College of Vermont president Suresh Garimella as U of A’s subsequent chief.
College leaders have launched varied cost-cutting measures to shrink the finances deficit, which was estimated at $52 million in April. They embody freezes on hiring, journey, compensation and development tasks, in addition to the centralization of some departments. Officers have variously blamed the monetary points on a flawed finances mannequin, an accounting error, overspending on strategic initiatives, extreme tuition discounting, inflation and the coronavirus pandemic.
