Wednesday, January 25, 2012

Cal State caps presidents' pay

California State University trustees Wednesday unanimously approved a measure to cap salaries of new executives in the face of steep funding cuts and sharply rising tuition.

The Board of Trustees voted unanimously to enact the new limitations at a meeting in Long Beach.

Trustees and Cal State Chancellor Charles B. Reed had come under criticism for recent salary decisions, including paying the new San Diego State president $400,000 -- $100,000 more than his predecessor.

Now, salaries for new campus presidents will be capped at 10% above that of their predecessor.

The maximum for most presidents would be $325,000 in public funds.



More: http://latimesblogs.latimes.com/lanow/2012/01/calstate-trustees-approve-pay-cut-for-new-presidents.html

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