CEOs loading up on compensation and perks, even if their companies are floundering, has become a commonplace of our era. This sense of entitlement has similarly been observed among various politicians, including recently the Senate. Now it seems to have crept into the University of Calgary.
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In a year when the university's operating and capital budgets were cut by $47-million, it is spending $8.1-million to renovate the offices of its top brass. And very nice renovations at that. Vice-president offices, for example, will be expanded to 20 per cent larger than the maximum stipulated by the U of C’s own design standards. The president's office, already almost the size of my apartment, will sport a 175 square foot ensuite washroom complete with closet space and a
three-piece bath. The office complex will include a $150,000 staircase in order to allow
executives to avoid a nearby public stairwell.
Because of the provincial cuts, the university will only be able to afford a third of the necessary upgrades to aging classrooms and is
unable to reduce a deferred maintenance liability amounting to $400-million. But as long as the execs are not forced to mingle with the commoners as they trip gaily up their elegant staircase, all is not lost.
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