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15<br />
Dr. Rod’s CV<br />
– previously worked <strong>for</strong> Bank of New Zealand<br />
and National Australia Bank.<br />
– previously Managing Director of Jade<br />
Software Corporation Ltd<br />
– 5 years at the Reserve Bank as a Director<br />
and Deputy Governor<br />
– undergraduate honours degrees in Law<br />
and Economics from the University of Otago<br />
– MBA in Money and Financial Markets<br />
from Columbia University<br />
– MA in Applied Economics and Managerial<br />
Science<br />
– a PhD in Insurance and Risk Management<br />
from the Wharton School, University of<br />
Pennsylvania.<br />
– Trustee of the Christchurch Earthquake<br />
Appeal Trust<br />
Let’s spend<br />
$90,000:<br />
• 2 average NZ salaries<br />
• 14 years of study<br />
• 9TB of internet<br />
at the UC halls of<br />
residence<br />
• 257 student parking<br />
permits <strong>for</strong> 2016<br />
Critical Analysis<br />
The money:<br />
The commission justified the increase as reflecting Carr’s raised<br />
responsibilities since the 2011 Canterbury earthquake.<br />
Yet there were also nation-wide increases to other, similar roles<br />
within tertiary institutions. This increase and its reasoning were<br />
supported by a spokesperson <strong>for</strong> the academic institution.<br />
External individuals within the public, are sceptical in regarding<br />
the increase as justified.<br />
The raise sparked outrage among staff and students, with<br />
criticism in particular directed at the size of the increase – at<br />
$90,001, almost twice the median Kiwi income according to<br />
Statistic New Zealand data.<br />
• Over 35,000 bus<br />
rides<br />
• 514 weeks of student<br />
allowance<br />
• 45,000 $2 rice/<br />
noodles at the Hot<br />
Wok.<br />
Carr’s new salary pushes him more than $200,000 – or 4.5 median<br />
wage workers - above even the Prime Minister’s earnings. When<br />
John Key resigned in 2016 he was earning $448,569 including a<br />
4% pay rise.<br />
Carr’s remuneration on the other hand was set by the University<br />
Council’s Vice-Chancellor Employment Committee, to include<br />
employer superannuation contributions and an at-risk<br />
component based on per<strong>for</strong>mance.<br />
By Sarah Jadallah<br />
• Over 81,000 sheets<br />
of printing<br />
• 36,000 1KG bags of<br />
rice.<br />
• 180 years of<br />
textbooks (@ $500<br />
per year)<br />
Sources available – canta@canta.co.nz<br />
Week 1
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