Holloway in a speech to the whole University community said, basically: I've been amazed at how much parochial cynicism and negativity exists at this place.
Meanwhile...
The Governor forced an unsustainable outcome on the University in the faculty strike, significantly raising salary expenses. To make it palatable he offered Rutgers money, I think for a year, to cover the added salary costs. But no ongoing money to cover the permanent structural deficit. Meanwhile, the State has dictated that the cost of fringe benefits that Rutgers must provide employees has gone up every year. Several years ago the fringe benefit rate was in the 40% range. Now it's up to 76% of salary. Let that sink in. For every $1 they pay to someone in take-home pay, they have to pay the State $.76 for their benefits. That in addition to the cost of providing office space, IT, legal...the overhead is huge.
Meanwhile, like the sun rising in the morning, it's only a matter of time before they have to raise tuition and those same politicians that forced the unsustainable labor costs onto Rutgers will rake Rutgers over the coals due to tuition costs. And then someone will gripe about the football team expenses (without looking at revenues).
So Rutgers is in a long term fiscal structural crunch.
Who would want this job if you have better options?