University vice-chancellor could pocket a payout of up to £830,000

Mail Online | 1/5/2019 | Miles Dilworth For The Daily Mail
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A university vice-chancellor could pocket a payout of up to £830,000 – believed to be the biggest in the sector.

Sir Steve Smith, of Exeter University, would receive the mammoth annual pay and bonus package after finishing his final year in 2020.

Package - Salary - £420 - Pension - Contributions

The 66-year-old’s package includes a salary of up to £420,000 with pension contributions and almost £400,000 in bonuses, according to the Daily Telegraph.

The lucrative deal, agreed seven years ago, will raise questions over whether universities are doing enough to rein in remuneration payouts after signing a voluntary code last year.

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