Geekzone: technology news, blogs, forums
Guest
Welcome Guest.
You haven't logged in yet. If you don't have an account you can register now.



7497 posts

Uber Geek
+1 received by user: 449

Trusted

Topic # 114698 27-Feb-2013 23:26 Send private message

http://www.stuff.co.nz/national/education/8360311/Canterbury-University-posts-67m-deficit

How do people run things? I know there was the earthquake ... Anyone knows how the student numbers changed to account for this?


Create new topic
428 posts

Ultimate Geek
+1 received by user: 8


  Reply # 771412 28-Feb-2013 07:47 Send private message

I recall when Rod Carr first started he got tough with students who were perhaps not academically focused enough by booting them out if they didn't perform. Not sure how many students actually left through that but I guess after the earthquake you at least lose interest from foreign students.

IT Professional
1324 posts

Uber Geek
+1 received by user: 37

Trusted
Subscriber

  Reply # 771425 28-Feb-2013 08:14 Send private message

It isn't really that bad - they have taken a major hit in the pocket due to the earthquake (the bulk of the deficit) - after all if they hadn't spent that money then they could not be open for business, and at the end of the day if it wasn't picked up by insurers then I would expect it to be picked up by the government (which is what I hope will still happen)...

And the rest of it was from another one off depreciation.

Your comments almost suggest you read the headline and nothing else! Read the article - it is all justified in there.

The University is a large business, it will have lost a lot of students (hence income), it will have incurred massive extra costs to keep running - to relocate classes and make repairs, it is likely to have lost staff in record numbers either through attrition or through redundancy where dropping student numbers justified it. None of these things (except for the redundancies) were really able to be controlled by them.

It is now going through a phase of rebuilding the student numbers back up but it will take time.

Create new topic




Twitter »
Follow us to receive Twitter updates when new discussions are posted in our forums:



Follow us to receive Twitter updates when news items and blogs are posted in our frontpage:



Follow us to receive Twitter updates when tech item prices are listed in our price comparison site:




News »

Trending now »
Hot discussions in our forums right now:

Windows 10 announced, as well as developer preview
Created by macuser, last reply by KiwiNZ on 2-Oct-2014 22:38 (119 replies)
Pages... 6 7 8


What time will the Apple Store online be selling the iPhone 6?
Created by scotiwis, last reply by Paul1977 on 2-Oct-2014 22:57 (234 replies)
Pages... 14 15 16


Moment of Truth?
Created by BarTender, last reply by JimmyC on 29-Sep-2014 09:16 (441 replies)
Pages... 28 29 30


Can i have 2 ISP's at home?
Created by ReckITT, last reply by Lazarui on 30-Sep-2014 18:15 (49 replies)
Pages... 2 3 4


Samsung Galaxy S4
Created by beenz, last reply by fizzychicken on 2-Oct-2014 19:46 (21 replies)
Pages... 2


Why is your nickname what it is, what are the origins of it?
Created by Presso, last reply by Presso on 2-Oct-2014 20:12 (97 replies)
Pages... 5 6 7


Harvey Norman's Biggest Ever Retail Sale
Created by DravidDavid, last reply by Dunnersfella on 2-Oct-2014 22:32 (33 replies)
Pages... 2 3


iPhone 6 From Spark - Order Dates and Pricing?
Created by Otagolad, last reply by Yatey on 2-Oct-2014 19:53 (355 replies)
Pages... 22 23 24



Geekzone Live »
Try automatic live updates from Geekzone directly in your browser, without refreshing the page, with Geekzone Live now.

Are you subscribed to our RSS feed? You can download the latest headlines and summaries from our stories directly to your computer or smartphone by using a feed reader.

Alternatively, you can receive a daily email with Geekzone updates.