Hearing that the University of California system had $2.5 billion in “unrestricted net assets” on hand in 2010 could make anyone question the necessity of the 32 percent tuition hike that has been proposed, or the 11 to 26 furlough days that more than 100,000 employees were forced to take in 2009.
For much of 2011, Wisconsin has been a leading actor in politically tinged dramas about higher education. In February, the battle over collective bargaining rights of public employees erupted (it remains unresolved), with those who work in higher education among the affected.
There’s probably not a very good time to announce that a college president is going to be making $100,000 more than the year before. The California State University System probably picked one of the worst.