Meet FE’s new yacht-owning, Bentley-driving star

FErret is all for boosting the status of FE, and the esteem in which it is held. And what better way to boost this than increasing the number well-paid executives flashing their yachts and expensive cars in the sector? Tes reports.

So it is with delight that we welcome the new hotshot in town: step forward George Holmes, vice-chancellor of the University of Bolton. Last week, the university merged with Bolton College in what was the first university-college merger in six years.

The track record of such partnerships isn’t exactly auspicious: of the 13 since 1994, four have been terminated. But Professor Holmes last week told Tes that the unique structure of the new link-up, in which the college will retain its name, board and principal, will mean it is “business as usual”.

FErret, for one, would be hugely disappointed if that were the case. There are boring old college principals all over the place, who overwhelmingly display a significant lack of bling.

This is not an accusation that could be levelled at Professor Holmes.

Exhibit A

In an era of increasing pressure on universities to exhibit pay restraint for their leaders, it emerged that Professor Holmes was paid £290,215 in 2016-7 – a rise of nearly 30 per cent on the previous year. While the college states that this was below average for a V-C, it would have put Professor Holmes narrowly behind the best-paid college leader in the same year, former North Hertfordshire College CEO Matt Hamnett.

Read more about Professor Holmes Meet FE’s new yacht-owning, Bentley-driving star

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