Belinda Hutchinson assumed the role of the University of Sydney chancellor as a labor of love. It’s an unpaid position which, right now, has evolved from around one-and-a-half days a week to nearly four as the university faces the dire effects of the pandemic, a reduced international student base, dealing with sweeping changes to government funding and fees, as well as the impending loss of vice-chancellor Michael Spence, who is set to take up a position in London early in 2021.
Losing international students has cost the university millions of dollars in revenue, and while many people believe the university to be well endowed, Hutchinson says the reality is that it is a public institution and most of the funds are allocated to support debt accrued by building on campus and providing for staff and students.
However, undaunted by the challenges, Hutchinson has just signed up for another four years in the role.
“I really feel I want to continue. We’ve done so much good work I don’t want to lose the momentum and we’ve got to get through this Covid-19,” she says.
Hutchinson moved into a portfolio career more than 20 years ago and was working as a non-executive director on boards when she got the phone call about the Sydney Uni gig.
“I said it sounds to me like an enormous role and I was told it was only a day and a half a week,” she says.
In thinking about it, she considered it as something of a family institution, especially in light of the fact that she, her father, sisters, brothers, and children had all attended Sydney University, .
Diese Geschichte stammt aus der December / January 2021-Ausgabe von Money Magazine Australia.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der December / January 2021-Ausgabe von Money Magazine Australia.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
An outrageous, beautiful monopoly
Telstra's mobile business is a cash machine with few competitors, giving it the highest returns in the world.
Drop the anchor to judge value
Buying and selling decisions should be based on where a stock price is going, not where it has been.
Powering the AI boom
Beyond the software and chipmakers, where will the energy come from?
Get into life
Tucked inside super are products that can protect you from life's inevitable uncertainties.
Paths to home ownership
Taking the road less travelled can sometimes deliver unexpected benefits.
Sold! Quick ways to add value
Small, strategic changes can have a big impact on the look and feel of your home. And get you a better price on auction day.
Money lessons the kids need to know
Your children can learn a lot from your past money mishaps. Here are eight financial conversations I have had with mine.
Property-investing rules: are they likely to change?
The pressure for the government to curb the tax benefits of tax concessions, such as negative gearing and the capital gains tax discount, is unrelenting. Most recently, independent senators David Pocock and Jacqui Lambie proposed five options for paring back investment property tax concessions, with savings to the Federal budget of up to $60 billion over the next decade.
What's love got to do with it?
A rollercoaster of emotions could be driving poor crypto behaviour.
Are we ready to be cash-free?
Saying goodbye to our piggy banks too soon could leave small businesses in the dark when problems arise.