Posted on 09/03/2023 12:02:17 PM PDT by DFG
The ultra-progressive New School university is facing a projected $85.5 million budget deficit — and things are so bad that even asked students and faculty have been asked to submit budget-cutting suggestions.
In no surprise for a school that’s produced Marxists and progressives such as Jacques Derrida and Erich Fromm, the ideas include chopping executive salaries and even selling off the school-owned Greenwich Village townhouse currently occupied by former Clinton cabinet member Donna Shalala, now serving as New School’s interim president.
The New School woke up to a harsh reality during the pandemic: operating a private university in lower Manhattan is quite expensive.
After enrollment tumbled by 15%, the college dipped into its endowment to offset a $130 million revenue shortfall.
Chief Financial Officer Josh Burgher warned in a March budgeting meeting that the projected 5-year deficit could “easily” swell to $240 million.
But austerity attempts have been met with vociferous opposition from the ultra-progressive community.
In 2020 the school chopped top leadership salaries by 12 to 15%, cut down on library subscriptions, extended voluntary separation packages to employees and laid of 122 predominantly lower-level staffers.
(Excerpt) Read more at nypost.com ...
“John Cage”
I dare anyone to listen to his “music” for five minutes without puking...
Lol.
Of course. They are always looking for other people's money.
In 2020 the school chopped top leadership salaries by 12 to 15%, cut down on library subscriptions, extended voluntary separation packages to employees and laid off 122 predominantly lower-level staffers.
Probably from the custodial staff.
Donna Shalala has a town house? A doll house would be more fitting.
Yes the senator from Nebraska...
“Students demand”
They need an education:
Students respectfully request...
Christopher Hitchens
Polemicist
Polemicist?! Author and journalist!
Opaque and harmful?! OMG!
The New School woke up to a harsh reality during the pandemic: operating a private university in lower Manhattan is quite expensive.
Go woke. Go broke.
The bright side of our current misery is the left is going bankrupt.
Wouldn’t bring much because everything is monkey-size.
Protests are ongoing. In April, a Rally Against Austerity movement, organized by students and faculty, declared: “No tuition hikes. No pay cuts. No layoffs.”
Being a Marxist/Commie/Socialist Rat haven, their name should be altered,
to. “The KNOWN School!”
If I remember, she was not pink, she was RED!
Shame on you for bringing up her name. I had forgotten her bitchy way.
“Donna Shalala?” “YUK.”
She ended up at Barry university, the jumped ship for New York.
Of Course! That would require retrospection. H/T to Rush Limbaugh (we are not worthy): Being liberal means never having to say you are sorry.
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