the staff of the Ridgewood blog
New Brunswick NJ, Senator Joe Pennacchio (R-26) called for legislative action on his bill to end golden parachute payouts following news that Rutgers University is granting a $480,000 payout to the hastily departing New Brunswick campus Chancellor for a one-year sabbatical.
“The state’s largest public research university is forking over nearly half-a-million dollars to pay for an early departing administrator’s one-year vacation,” Pennacchio said. “This handout is a gross misuse by Rutgers of the tuition they receive from students and the tax dollars they receive from the State. Every dollar Rutgers wastes on these payouts is a dollar not spent on teaching and research. With tuition and student debt on the rise, I am calling for the State Legislature to take action to end this fiscally-irresponsible practice.”
Continue reading Senator Joe Pennacchio (R-26) is calling for action to end golden parachutes for New Jersey University Employees
