Lawmakers look to limit CSU executive pay
Several state lawmakers are pushing for a tougher crackdown on California State University executive compensation in the wake of trustees’ decision to approve the maximum allowable pay raises for new campus presidents. CSU trustees in January approved a new executive compensation policy [PDF] that caps the amount of base pay new campus presidents can earn at no more than 10 percent above their predecessors’ pay. In the first application of the new policy, trustees last week signed off on full 10 percent pay raises for two new presidents at CSU East Bay and CSU Fullerton. The move came as CSU officials announced that they would limit spring admissions to all but a few hundred students due to state budget cuts, shutting out tens of thousands of would-be college-goers. If Gov. Jerry Brown’s proposed tax measure fails, the system also might deny admission to up to 25,000 qualified applicants in fall 2013.
Read full article [here].
by Erica Perez, California Watch.