One of our favorite topics to post on here is executive salary cuts. Not forced salary cuts, mind you, but when leaders of big companies look at their accounting ledgers and say, “you know, rather than lay off employees, I’ll cut my own salary.” It shows a dedication to the employees and presents the image that “we’re all in this together.”
That being said, we are THRILLED to report that OHSU leaders are hacking away at thier own compensation for the coming year. The University leadership team agreed to take a 20% pay cut ON TOP of a previous agreement to forgo incentives for the year. that averages to a pay reduction of about 30% per employee.
In total, OHSU needs to shave $30-35 Million from their books because of lost revenue and losses in investments but this reduction may account for as much as 10% of that total amount.
OHSU Prez Joe Robertson -- Oregonlive.com
