Bonuses and Raises Amid U. of California Cuts

January 21, 2011

Past and future budget cuts have been the focus of this week's meetings of the University of California Board of Regents. But The San Francisco Chronicle noted that amid discussion of cuts and even an inability to admit all eligible students, the regents approved $4 million in incentive pay and raises, including 10 percent raises for three executives earning more than $200,000. A spokesman said: "Whether a budget crisis or not, the university still has to be able to pay competitive salaries and incentives consistent with industry standards."

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