The University of Pennsylvania’s funding has been frozen amid controversy surrounding outgoing President Amy Gutmann’s salary. The decision to freeze funding was made by the trustees as they look into Gutmann’s compensation, which reached $3.5 million in 2020. This move comes as the university is facing criticism for its handling of racial justice issues and its ties to the fossil fuel industry.
The decision to freeze funding for UPenn was announced by Board of Trustees Chair Scott Bok, who stated that the board is committed to providing transparency and accountability in regards to the university’s finances. The freeze on funding is seen as a way to hold the university accountable for its actions and to address concerns about Gutmann’s high salary.
Gutmann, who has been in her position since 2004, has faced criticism for her handling of racial justice issues on campus, with many students and faculty members calling for a more diverse and inclusive environment. Additionally, the university has come under fire for its ties to the fossil fuel industry, with calls for divestment from fossil fuels growing louder.
The decision to freeze funding for UPenn comes at a time when many universities are facing scrutiny over their use of endowment funds and executive salaries. As the university community grapples with these issues, it remains to be seen how this controversy will impact UPenn’s reputation and future funding. Stay tuned for further developments on this evolving story.
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