Besides the president’s and the chancellors’ pay, the cuts apply to the salaries of executive and senior vice presidents, the general counsel, and executive vice chancellors. Other employees are likely to be asked to make similar sacrifices, Mr. Yudof’s letter implied. "Given the magnitude of the budget shortfall," he wrote, "all options need to be considered, and, unfortunately it is likely that every member of the UC community will be affected negatively." The university had already frozen executives’ pay in an earlier round of budget-cutting moves that included reducing this fall’s freshman enrollment by more than 2,000 students.

Read full article [here].
by Charles Huckabee, The Chronicle of Higher Education.

Posted: June 2nd, 2009, by: admin. Categories: . Awaiting Comments.