On Campus - Tuesday, November 18, 2008 11:34 - 0 Comments

JSex Makes Bank, Here’s What NYU Thinks About It

So, interesting tidbit for all you NYU students: our beloved JSex makes the big bucks. The really big bucks. Bet you didn’t know that, huh? Neither did I, until I saw an article in WSN yesterday. Citing their own analysis of NYU’s tax returns, the WSN reported that JSex is receiving an annual compensation of over $1.3 million, a 56% increase from what he was receiving in 2006 (which was $800k).
My initial reaction upon hearing this was to laugh. Others had different reactions. Here are some responses from your NYU peers:

“I can’t say anything about that. It makes me depressed.” – Lucie Graham, Gallatin ‘11

“Yes, I would say that $1.3 million is a lot, but I think we need to be careful and realize that a Board of Trustees of a university (not a Fortune 500 company) usually doesn’t make pay increases like that without good reason. After this financial crisis, a lot of paychecks from Wall Street came out in the open and we saw how much these people were making in a week. Is it that ridiculous to think that a president who runs a humongous private university of over 40,000 people and numerous researchers gets paid, in a year, what some I-bankers make in a month? Also, I think a lot of us assume that the money is coming right out of students’ pockets and I don’t think that’s necessarily true.” – Vera Chau, CAS ‘10 Continue…