Bill to curb California college execs' pay raises

Nanette Asimov:

Days after California's public universities handed lucrative new pay and bonuses to three executives and a chancellor while raising student tuition, a state senator has introduced a bill to make such pay increases illegal in tough economic times.

The bill, filed Monday by state Sen. Leland Yee, D-San Francisco, would prohibit executive pay increases at the University of California and California State University in years when the state does not raise its allocation to the schools.

This year, California slashed $650 million from each university system. In response, the UC regents and CSU trustees raised tuition last week, both for the second time in less than a year. CSU tuition is 23 percent higher than it was last fall. UC tuition is 18 percent higher.

At the same time, CSU trustees approved a $400,000 salary for Elliot Hirshman, incoming president of the San Diego campus, that is $100,000 higher than his predecessor. The campus foundation will pay for $50,000 of it.

Posted by Jim Zellmer at July 20, 2011 3:17 AM
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