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“Yeshiva University’s president, Richard Joel, who earned $676,004 in 2006–07, has taken a pay freeze but no cut, while the school laid off 60 staffers over the past year. Through a university representative, he declined to comment.”

An article in the Jewish Daily Forward notes many Jewish executives who’ve taken pay cuts in harsh economic times.

But not Joel. He’s rewarding himself for having kept both Bernard Madoff and Ezra Merkin in positions of power at his university until they were hauled off by the authorities.

Gross negligence of the sort that permanently soils a university doesn’t come cheap.

Margaret Soltan, June 18, 2009 2:50PM
Posted in: hoax

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2 Responses to ““Yeshiva University’s president, Richard Joel, who earned $676,004 in 2006–07, has taken a pay freeze but no cut, while the school laid off 60 staffers over the past year. Through a university representative, he declined to comment.””

  1. RJO Says:

    I think salaries at places like universities should be set as they set the pay in Moby-Dick: you receive a specified percentage of the revenue, whatever the revenue turns out to be. ("I am going to put him down for the three hundredth," said Peleg, "do ye hear that, Bildad! The three hundredth lay, I say.")

    Perhaps Mr. Joel should get the seven hundred and seventy-seventh lay.

  2. theprofessor Says:

    The bad news is that we sacked about ten staffers, all of whom did useful work. We kept all the vice-presidents, vice-flunkies, deputy assistant catamites, etc. Mysteriously enough, one of the staffer jobs rematerialized under slightly different guise and is now filled by a freshly-graduated offspring of a senior administrator.

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