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Let them eat cake: Shameful executive behavior at the University of California
University of California students have seen their tuition rise 40% in the last two years, but 36 top UC executives just don't feel their pain. Or notice that key academic programs and services are in jeopardy. Or that most UC staff are taking cuts in their retirement and health benefits. Not at all: the worthy 36 executives have threatened a lawsuit if UC fails to commit to paying them pensions based on their full salaries . . . not the (paltry) amount based on only the first $245,000. UC President Mark Yudoff and Board Chair Russell Gould have properly signaled they will fight the suit. But pension law is only part of the issue. Leadership and honor are at the heart of this issue. When scarce public funds go to higher education, the public should expect that this money will serve the needs of students and high priority research. How can UC ask for state funding in the midst of a deep recession, when its high-level, highly-compensated executives are so cynically out for Number One?
Posted by Michael Poliakoff on January 06, 2011 at January 6, 2011 09:42 AM
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