Board of Governors approves 0% increase to executive salaries

The decision to approve the zero percent increase was made by the management resources and compensation committee at Tuesday’s board meeting. “It’s a prudent step, and a responsible step, given it’s a challenging economic time,” said university spokesperson John Danakas. At this point, these salary range adjustments are limited to the executive group and the […]

Read more »

U of M endowment fund recovering

The University of Manitoba endowment fund is steadily recovering from the effects of economic recession. Due to the collapse of investment markets, in 2008 the University Investment Trust (UIT) fund lost approximately 20 per cent of its value. However, in 2009 the fund recovered by 12.8 per cent. As of Dec. 31 2009, it stood […]

Read more »