The University of North Carolina Chapel Hill has a big problem: clearly spelled out r-e-t-a-i-n-i-n-g professors. According to a report in The Charlotte Observer, North Carolinas professors are getting recruited by other universities for more money. UNC apparently cant match the offers that ivy league schools and some other major universities are offering their professors and the professors are moving on to greener. And I do mean greener pastures because some of these professors are being offered almost double than what they were earning at UNC.
Both the state House and Senate have recommended significant cuts to public higher education this year, with the House plan most severe. If adopted, it would cut $175 million from the UNC systems budget and force the elimination of an estimated 1,700 faculty and staff positions, UNC system officials have said. Last year, the UNC system eliminated more than 900 positions across the university system, including hundreds at NCSU and UNC-CH.
Read more details at the Observer's website.