Top officials at Michigan State University are taking temporary pay cuts as part of MSU’s response to the financial impact of COVID-19.
In an email to the MSU community, President Samuel Stanley Jr. says all university executives are taking pay cuts ranging from 2 to 7 percent, based on pay levels, through May or June. He adds that the cuts could be in effect for a year, and that he is taking a 10 percent cut in his salary as president.
Travel expenditures are being slashed, and construction and remodeling projects will be delayed or modified.
Stanley estimates that revenue reductions and real costs related to the pandemic are already $50 to $60-million dollars.
The president also says enrollments and deposits for incoming students are tracking near last year’s levels, but that he expects international student enrollment to be affected.