Harvard president will take 25% pay cut as Trump – Business News
Embattled Harvard University President Alan Garber will reportedly take a voluntary pay cut as President Trump’s battle with the Ivy League faculty over antisemitism on campus heats up, in line with a report.
His pay will be slashed by 25% for the educational yr beginning in July, a faculty spokesperson instructed Bloomberg.
The faculty didn’t disclose his wage, although current predecessors earned about $1 million a yr on the nation’s oldest college.
Harvard University President Alan Garber will take a voluntary pay cut, in line with a faculty spokesperson. Harvard University
Garber, who was named president final yr, beforehand took a voluntary 25% cut during the COVID-19 pandemic in 2020 when he served as provost and chief tutorial officer.
Harvard didn’t instantly reply to The Post’s request for remark.
The Trump administration has taken a jackhammer to Harvard’s federal funding, canceling an extra $450 million in grants to the establishment earlier this week.
White House officers accused Harvard of doing nothing to resolve the “pervasive race discrimination and antisemitic harassment” that has been “plaguing” the Cambridge, Mass., campus — a reference to the protests and encampments over the struggle in Gaza.
The Trump administration has focused Harvard’s funding over alleged antisemitism throughout its campus. Getty Images
“There is a dark problem on Harvard’s campus, and by prioritizing appeasement over accountability, institutional leaders have forfeited the school’s claim to taxpayer support,” the administration’s activity drive on antisemitism mentioned in a assertion.
Those $450 million cuts stacked on prime of $2.2 billion in funding the administration had already frozen, officers mentioned.
The college rejected a checklist of calls for from the White House, and in April sued the Trump administration to thwart the $2.2 billion funding freeze.
Harvard is the wealthiest college within the nation, with an roughly $50 billion endowment. REUTERS
Harvard is the wealthiest college within the nation, with an roughly $50 billion endowment as of fiscal yr 2023, in line with knowledge from the National Center for Education Statistics.
Earlier this yr, Harvard introduced a hiring freeze as a end result of financial challenges from “rapidly shifting federal policies.”
