McGill University Is Totally Fvcked
They're about to lose their public funding.
Montreal's McGill University may soon suffer a pretty big blow to its budget, thanks to a few alleged illegal bonuses that they've been doling out. According to government lawyers, the performance bonuses that McGill has been giving to their executives violate the law, and therefore put them at risk of losing their state subsidies.
A signed letter from the Deputy Minister of Education was sent on July 27 to the Principal of McGill, Suzanne Fortier, addressing the issue. The University, however, denies having violated the law and insists that the government wrongly interpreted the bonuses. Bill 100, which was adopted in 2010, prohibits bonuses, allowances, compensations or other additional remuneration based on individual performance. So, I'm not too sure where there's room for something to be wrongly interpreted.
As of 2012, it was estimated that McGill gets about $329 million per year in public funding, $272 million of which comes from federal funding. Now, that's a hefty chunk of change to have taken away. Here's hoping that everything gets cleared up because, as a McGill student myself, I would hate to see it deteriorate over giving their employees even more money.