The Forward salary survey, now in its seventh year, is an unparalleled collection and analysis of important data about who is leading the big national Jewish charities in America and what they are earning. It’s also put together by humans. That means the process is laced with endless judgment calls — especially since, as far…
As his college’s finances continued to crumble last year, Yeshiva University’s president, Richard Joel publicly took a pay cut. Then months later, he privately pocketed a deferred compensation payment of $1.6 million. That payout took Joel’s total compensation for 2014 to $2.8 million, among the highest packages for college presidents nationwide. But unlike most of…
The president of Yeshiva University, who has steered the flagship Modern Orthodox institution through a sex abuse scandal and an ongoing fiscal crisis, has announced that he will step down at the end of his current term. Richard Joel, 65, announced his pending departure at the end of an email sent to staff, students and…
The Yeshiva University board of trustees issued a statement in support of President Richard Joel after the undergraduate faculty overwhelmingly passed a no-confidence resolution against him. Board chairman Dr. Henry Kressel, in a letter accompanying the board’s message issued Friday, called the vote that day of the faculty of Yeshiva College at Yeshiva University “an…
Ninety-two universities in North America have endowments of more than $1 billion. Yeshiva University’s was the only one that shrank in value last year. Y.U.’s endowment fell $90 million, from $1.18 billion to $1.09 billion, according to an annual survey by Commonfund and the National Association of College and University Business Officers. During the same…
Yeshiva University’s president, Richard Joel, has offered his first public explanation for Y.U.’s financial turmoil. Joel blamed several current and former members of staff, as well as the university’s “antiquated and opaque” accounting systems, for concealing the true scale of Y.U.’s deficits. In an interview with a university newspaper, The Commentator, Joel said his former…
Yeshiva University announced sweeping budget cuts on December 10 in a sign of the deepening financial crisis at the beleaguered school. The cuts, first reported in the Y.U. Commentator, the school’s undergraduate newspaper, include drawbacks on programming and the sale of real estate. The university has also withdrawn a commitment to partially restore previous cuts…
When an investigative team appointed by Yeshiva University reported in August that the school had “failed to appropriately act to protect the safety of its students or did not respond” to credible allegations that they’d been sexually abused, it drew an important caveat: This dereliction of responsibility had continued, the investigators said, “until 2001.” After…
100% of profits support our journalism
