Revealed: Russell Group university vice-chancellor's £250,000 'golden goodbye'
£250,000 golden goodbye for a Russell Group university’s vice chancellor has been revealed, as figures show the average pay of university leaders has risen six per cent in a year.
The quarter of a million pound pay off, which is thought to be one of the biggest ever handed to a university chief, was given to the University of Southampton’s former Vice Chancellor Don Nutbeam.
The professor of public health was paid £252,000 as “compensation for loss of office” after retiring one year earlier than planned.
It comes as many of the country’s top universities prepare to hike their tuition fees from £9,000 to £9,250 for the next academic year.