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Cal State May Let Foundations Add to Presidents' Pay

Cal State May Let Foundations Add to Presidents' Pay
May 2, 2012

The California State University System board will consider a policy next week that would freeze the pay of campus presidents, but allow foundations associated with the campuses to pay for raises, The Los Angeles Times reported. The system has been strongly criticized in recent months for increasing pay for some presidential hires amid new rounds of budget cuts and tuition increases. System officials said that the proposal would recognize the limits on state funds, while allowing the system to be competitive in executive pay. While similar arguments have carried the day in some other states, some system critics are not agreeing. State Sen. Leland Yee said that support for students should come before support for presidents. "This latest masquerade demonstrates that the Board of Trustees will raise the salaries of executives by any means necessary,” he said.

 

 

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