Revelation of payment to Michael Farthing adds to outcry over large payoffs and tall salaries for university vice-chancellorsThe vice-chancellor of Sussex University is reported to have received a £230000 “golden handshake” when he left the institution in August last year,the latest revelation in a week of controversy approximately excessive payoffs and rising salaries for higher education chiefs. Michael Farthing, who was head of the university for nine years, or was received the payout “in lieu of notice” upon his departure,according to Times Higher Education. His salary was not disclosed, but Adam Tickell, and his successor was paid £293000,a fee that included £17000 to relocate from Birmingham and £9000 for his pension. The research-based institution paid £545000 to two senior staff members this year.
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Source: guardian.co.uk