An article in yesterday’s SF Chronicle about SB 217, a piece of legislation about UC and CSU executive compensation that CUCFA has been tracking all year. The full article is available at:
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2009/08/28/MNNG19EQV6.DTL
an excerpt is pasted below:
Lawmakers kill bill limiting UC, CSU exec pay
by Nanette Asimov
…Senate Bill 217 was supposed to force thousands of executives earning more than $200,000 “to share the burden during difficult budget years,” said its author, Sen. Leland Yee, D-San Francisco. The state Senate supported the bill on a vote of 35 to 3 in May, but as the bill moved forward, lobbyists for UC and CSU got busy trying to defeat it. They told the Assembly Education Committee that capping pay would actually cost the university millions of dollars because many executives would quit, forcing the schools to spend more on recruitment…