Current:Home > reviewsWest Virginia University President E. Gordon Gee given contract extension -TruePath Finance
West Virginia University President E. Gordon Gee given contract extension
View
Date:2025-04-18 23:59:44
CHARLESTON, W.Va. (AP) — The West Virginia University Board of Governors gave President E. Gordon Gee a one-year contract extension Monday amid a budget shortfall, falling enrollment and plans to cut some academic offerings.
Gee, 79, was given an extension through June 2025 during the board’s special meeting in Morgantown. His contract was set to expire next year.
Gee thanked the board after the vote was announced, acknowledged the ongoing challenges and said the intent is to have “a process that is clear, that is visible to everyone” about improving the university.
The move comes as the university is evaluating nearly half of its academic programs and addresses an estimated $45 million budget deficit.
In June, the Board of Governors approved an estimated $1.2 billion budget for fiscal year 2024 that includes $7 million in staff cuts, or around 132 positions, including 38 faculty members. The board moved forward with slashing 12 graduate and doctorate programs and approved a tuition increase of just under 3%.
Gee and other top university officials have said the budget shortfall is largely a result of enrollment declines. The student population has decreased 10% since 2015. Gee also has cited the factors of inflation stress and increases to premiums the school is required to pay for the state’s government employees’ health insurance program.
In 2019, Gee was given a three-year contract extension through 2024 at a salary of $800,000 per year. At the time, board Chairman William Wilmoth said Gee was “one of, if not the top, university leader in the country.”
When the COVID-19 pandemic started a year later, the university issued $40 million in debt to deal with it. WVU also took on an additional $10 million in debt to pay for the increased employee insurance costs.
Gee is in his second stint at West Virginia that began in 2014. He also was the school’s president from 1981 to 1985. Gee also served two stints as president at Ohio State and had similar roles at Vanderbilt University, Brown University and the University of Colorado.
veryGood! (19647)
Related
- This was the average Social Security benefit in 2004, and here's what it is now
- Snow, scorpions, Dr. Seuss: What Kenyan kids talked about with top U.S. kids' authors
- Ukraine is the spotlight at UN leaders’ gathering, but is there room for other global priorities?
- Atlantic storm Lee delivers high winds and rain before forecasters call off warnings in some areas
- The Super Bowl could end in a 'three
- Tens of thousands march to kick off climate summit, demanding end to warming-causing fossil fuels
- 'I have to object': Steve Martin denies punching Miriam Margolyes while filming 'Little Shop of Horrors'
- Caught in a lie, CEO of embattled firm caring for NYC migrants resigns
- Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
- How Shawn Fain, an unlikely and outspoken president, led the UAW to strike
Ranking
- Trump issues order to ban transgender troops from serving openly in the military
- Mark Dantonio returns to Michigan State football: 'It's their show, they're running it'
- Chicago Symphony Orchestra, musicians union agree to 3-year contract
- Group of friends take over Nashville hotel for hours after no employees were found
- New Zealand official reverses visa refusal for US conservative influencer Candace Owens
- UAW strike exposes tensions between Biden’s goals of tackling climate change and supporting unions
- Texas AG Ken Paxton was acquitted at his impeachment trial. He still faces legal troubles
- Mike Babcock resigns as Blue Jackets coach amid investigation involving players’ photos
Recommendation
Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
Louisiana prisoner suit claims they’re forced to endure dangerous conditions at Angola prison farm
'There was pain:' Brandon Hyde turned Orioles from a laughingstock to a juggernaut
Private Louisiana zoo claims federal seizure of ailing giraffe wasn’t justified
Pregnant Kylie Kelce Shares Hilarious Question Her Daughter Asked Jason Kelce Amid Rising Fame
An explosion hits an apartment in northern Syria. At least 1 person was killed with others wounded
Thousands of 3rd graders could be held back under Alabama’s reading law, school chief warns
Low Mississippi River limits barges just as farmers want to move their crops downriver