Current:Home > StocksIndexbit-West Virginia University President E. Gordon Gee given contract extension -Wealth Evolution Experts
Indexbit-West Virginia University President E. Gordon Gee given contract extension
Benjamin Ashford View
Date:2025-04-07 00:12:18
CHARLESTON,Indexbit 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! (381)
Related
- EU countries double down on a halt to Syrian asylum claims but will not yet send people back
- PHOTO GALLERY: A look at Lahaina in the 6 months since a wildfire destroyed the Maui town
- In rural Utah, concern over efforts to use Colorado River water to extract lithium
- Polyamory has hit reality TV with 'Couple to Throuple.' Expect to challenge your misconceptions.
- House passes bill to add 66 new federal judgeships, but prospects murky after Biden veto threat
- Kansas-Baylor clash in Big 12 headlines the biggest men's college basketball games this weekend
- Former Olympian set to plead guilty to multiple charges of molesting boys in 1970s
- PHOTO GALLERY: A look at Lahaina in the 6 months since a wildfire destroyed the Maui town
- Krispy Kreme offers a free dozen Grinch green doughnuts: When to get the deal
- Joe Flacco beats out Damar Hamlin in NFL Comeback Player of the Year surprise
Ranking
- Meet first time Grammy nominee Charley Crockett
- Review: Netflix's 'One Day' is an addictive romance to get you through the winter
- Get Glowy, Fresh Skin With Skin Gym’s and Therabody’s Skincare Deals Including an $9 Jade Roller & More
- Marianne Williamson suspends presidential campaign
- Why Sean "Diddy" Combs Is Being Given a Laptop in Jail Amid Witness Intimidation Fears
- Hawaii’s high court cites ‘The Wire’ in rebuke of US Supreme Court decision that expanded gun rights
- Enbridge appeals to vacate an order that would shut down its pipeline
- The Little-Known Story of How World War II Led to the Inception of New York Fashion Week
Recommendation
'Vanderpump Rules' star DJ James Kennedy arrested on domestic violence charges
Rare centuries-old gold coin from Netherlands found by metal detectorist in Poland
The race for George Santos’ congressional seat could offer clues to how suburbs will vote this year
Total solar eclipse will be visible to millions. What to know about safety, festivities.
Sam Taylor
Disney buys stake in Fortnite-maker Epic Games with $1.5 billion investment
The Battle Over Abortion Rights In The 2024 Election
AP Week in Pictures: North America