University of California leaders issued an unusually harsh letter about the Board of Regents Wednesday, The San Francisco Chronicle reported. The letter charges that the regents have been meeting only every other month -- even as the university system faces a severe budget crisis. The letter noted the likely long-term impact of the university's failure to contribute to a retirement fund as it has in the past -- even as the stock market drop has decreased the value of the fund. While board leaders were traveling, others noted that the university's president's office was in constant touch with campuses about how to deal with the budget situation.
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