Current:Home > FinanceWest Virginia University President E. Gordon Gee given contract extension -Wealth Pursuit Network
West Virginia University President E. Gordon Gee given contract extension
View
Date:2025-04-17 00:11:40
CHARLESTON, 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! (521)
Related
- The 401(k) millionaires club keeps growing. We'll tell you how to join.
- What Will Kathy Hochul Do for New York Climate Policy? More Than Cuomo, Activists Hope
- In the Southeast, power company money flows to news sites that attack their critics
- These $23 Men's Sweatpants Have 35,500+ 5-Star Amazon Reviews
- South Korean president's party divided over defiant martial law speech
- On Florida's Gulf Coast, developers eye properties ravaged by Hurricane Ian
- The northern lights could be visible in several states this week. Here's where you might see them.
- Who created chicken tikka masala? The death of a curry king is reviving a debate
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- In New York’s 16th Congressional District, a Progressive Challenge to the Democratic Establishment Splits Climate Groups
Ranking
- 'As foretold in the prophecy': Elon Musk and internet react as Tesla stock hits $420 all
- Washington Commits to 100% Clean Energy and Other States May Follow Suit
- Wells Fargo to pay $3.7 billion settling charges it wrongfully seized homes and cars
- As Rooftop Solar Grows, What Should the Future of Net Metering Look Like?
- House passes bill to add 66 new federal judgeships, but prospects murky after Biden veto threat
- Get a $64 Lululemon Tank for $19, $64 Shorts for $29, $119 Pants for $59 and More Mind-Blowing Finds
- Katie Holmes Rocks Edgy Glam Look for Tribeca Film Festival 2023
- Southwest cancels 5,400 flights in less than 48 hours in a 'full-blown meltdown'
Recommendation
See you latte: Starbucks plans to cut 30% of its menu
Could New York’s Youth Finally Convince the State to Divest Its Pension of Fossil Fuels?
Fortnite maker Epic Games will pay $520 million to settle privacy and deception cases
Ohio Governor Signs Coal and Nuclear Bailout at Expense of Renewable Energy
Sarah J. Maas books explained: How to read 'ACOTAR,' 'Throne of Glass' in order.
How inflation expectations affect the economy
FEMA Knows a Lot About Climate-Driven Flooding. But It’s Not Pushing Homeowners Hard Enough to Buy Insurance
Jurassic Park Actress Ariana Richards Recreates Iconic Green Jello Scene 30 Years Later