One day after enrollment freeze, Cal State trustees OK pay hikes for 2 presidents
Hat tip to newsjock who posted this in GD.
One day after enrollment freeze, Cal State trustees OK pay hikes for 2 presidents Source: Associated Press
The California State University trustees on Tuesday approved 10 percent pay hikes for two campus presidents after administrators outlined a grim financial forecast calling for sweeping cuts that will deny admission to thousands of students.
Students, faculty members and unionized employees criticized the board for the salary increases, saying they were excessive in light of a looming $750 million cut in state funding for the next academic year. Administrators are planning to halt most spring 2013 admissions to cope with the cut, a move that will affect some 16,000 students.
"They're forcing us to make cuts because they don't have the money to pay for academic services," said Antoine Wilson, a senior at Cal State Dominguez Hills. "But they're approving salary increases. It shows you where their priorities are."
CSU administrators say the increases are necessary to attract and retain top executive talent. The trustees approved a base salary of $303,660 for CSU East Bay President Leroy Morishita and $324,500 for CSU Fullerton President Mildred Garcia, as well as $12,000 car allowances and $60,000 housing allowances for each.