Students, staff and alumni of Wells College are still shocked after learning the school is closing at the end of this semester.
CNY Central reports as Wells College was going broke, the college’s president was accepting an average of $50,000 a year in bonuses. Wells President Jonathan Gibralter received more than $310,000 in bonuses between 2016 and 2021.
When asked about the president’s bonuses while the college operated on a loss, Wells College told CNY Central it doesn’t comment on personnel matters, but says it considered every option to keep the college open.
