Academies: can we afford (many of) them?

The man in charge of the Cornwall College Group has rejected calls from unions for him to take a pay cut.

Amarjit Basi earns £200,000 a year. The college is currently £9m in debt and around 60 staff face losing their jobs.

The University and College Union has suggested that he and other senior managers could take a drop in salary. In a statement, the college said the principal’s salary was in line with national pay scales..”

From BBC Spotlight news page today

And, yes, it is privately owned and run:

Cornwall College is a further education college situated on various sites throughout Cornwall, England, United Kingdom, with its main centre in St Austell. The college is a member of the 157 Group of [wait for it …] high performing schools. “

Wikipedia

Er, may be high performing but someone at the top can’t do their sums. Or, perhaps they can …