Answering queries from The Straits Times, a spokesman from the Ministry of Education said:"The AUs decided to adjust downwards the pay for their senior staff holding leadership positions, in consultation with MOE."
The universities have also ensured that students get the financial support they need in this recession. A spokesman said that NTU had also launched a fund seeded by a personal gift of S$100,000 from its president Subra Suresh and his wife Mary. The NTU Priorities Fund has since grown to S$1.7 million in size, thanks to the generosity of more than 1,600 other donors, she said.
The spokesman added that the university management team has also pledged to contribute a proportion of their annual compensation to support students in need. A spokesman said about S$149,000 has been disbursed to 54 students so far, who received sums ranging from $1,500 to $15,000, with the higher quantum going towards covering tuition fees in the current academic year.
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