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ANU asks staff to give up agreed pay rise to help reach $250m cost cuts
(www.theguardian.com)
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Afaik the ANU VC earns about $650k (here). Not that this isn't probably 6-8x what most others in the university earn.
Pretty much agree with everything you say though. I'm about to graduate from ANU and I'm glad to be leaving tbh.
I would just add that, while the unis are managed poorly, the cuts to the sector by successive governments can't be excused.