The audit was requested last year by state Sen. Leland Yee (D-San Francisco), a frequent critic of the pay and perks of UC executives. But the report, which reviewed five years of UC spending through fiscal 2009-10, did not contain major revelations about administrators’ compensation, a point noted with satisfaction by university officials. UC President Mark G. Yudof, in a formal written response, urged legislators in the future "to provide more evidence of malfeasance than innuendo" in seeking such a probe. Yee said Thursday that UC continues to resist oversight and cited the audit’s complaint that the university’s financial statements lump together about $1 billion a year in spending without enough specifics. "It is clear that there remain many significant problems with the way UC operates," Yee said in a statement.

Read full article [here].
by Larry Gordon, The Los Angeles Times.

Posted: July 29th, 2011, by: admin. Categories: . Awaiting Comments.