Oxford Universitiy’s Vice-Chancellor Andy Hamilton is set to move to the Big Apple this January to become the President of New York University – and the uni has revealed that his residence will receive a $1.1 million upgrade. Fancy.
The New York Times today reported that the four bedroom, four-and-a-half bathroom two-storey penthouse apartment in Greenwich Village will be refurbished in time for Hamilton’s arrival there. The costs will be at least 1.1 million dollars, but could be double that. Not that Andy is a stranger to massive sums of money, with his salary previously being the highest of any UK vice-chancellor.
The penthouse also comes with an ‘expansive’ roof terrace and two private entrances, and has views towards the financial district. Not that this is good enough for our Andy.
NYU has come under fire before for its lavish spending on top administrators at the university, with a scandal surrounding generous loans given to the current president for the purpose of buying holiday homes. Although with a $3.5 billion endowment they can probably spare the odd million.
In the statement regarding his appointment, the university promises that Prof. Hamilton will be maintaining an active schedule of teaching and research and so proving great value for money. VERSA could not find any specific information on what his salary will be, but his predecessor, John Sexton, receives a salary of $1.5 million, and will apparently receive $800,000 every year from now on in ‘retirement benefits’. Jammy or what?