Gujarat University’s CEO Salary Triggers Debate, Exceeds Vice-Chancellor’s Pay

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Gujarat University’s CEO Salary Triggers Debate, Exceeds Vice-Chancellor’s Pay

| Updated: February 20, 2024 15:34

The CEO of Gujarat University earns a monthly salary of Rs 5 lakh, which is more than the varsity vice-chancellor. The CEO of the Startup Center-Incubation Center (GURSAC-Gujarat University Startup and Entrepreneurship Council) at Gujarat University was appointed two months ago for a two-year term. The officer is given Rs 60 lakh in annual salary. This has sparked a lot of discussion on the university campus and has led to a controversy. However, the university is now preparing to bring other companies and centres under one Group CEO.

A new startup centre was started at Gujarat University in 2016–17, and a Section 8 company was also formed for this. As per the rules, the company’s CEO has to be appointed, but a controversy had arisen earlier with the appointment of the CEO without any advertisement. After the resignation of the previous CEO, another officer of the centre was given charged for six months and a new CEO was appointed on December 15.

There is a lot of controversy on the campus over the sudden announcement of a new CEO by the university without any advertisement or process and the way a high monthly salary is being paid to him. People are asking it is for whose good or under whose pressure suddenly the V-C has appointed a certain person and given so much salary? In addition, other institutions in the country may have a maximum age limit of 50 years for CEO of Incubation Centre, the CEO appointed in GUSAC is much older. Not only that, most institutes may also require experience for the CEO of the Startup Center-Incubation Centre, but in GUSAC, complaints have arisen about the appointment of a retired bank officer without any experience.

As per the ongoing discussion on the campus, the university may be the first in Gujarat or the country where the CEO is given so much salary. The varsity is now preparing to bring other companies and centres running in the university, such as GUPIIR and GUCF under one umbrella and appoint a group CEO. On this, the V-C said Srinivasa Rao Sureddi was not the CEO of GUSAC but had been appointed as the Group CEO and an advertisement had been given for the appointment and screening had been done by the interview and board committee.

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