Tuesday, September 18, 2007

State Senator Yee says "Trustees just don't get it"

The Board of Trustees will consider a proposal to increase CSU executive pay an average of 11.8% during its meetings today and tomorrow. This plan is not making a good impression on the legislature, according to the California Chronicle:

“It is shocking that the Trustees just don’t get it,” said Senator Leland Yee (D-San Francisco/San Mateo), who has a bill pending on the Governor’s desk to bring transparency and accountability to the Board of Trustees when dealing with executive compensation. “Who in the world is worth this kind of taxpayer money while student fees increase and the faculty and staff get nominal pay? The Trustees continuously fail to recognize that this is a public institution, not a get rich factory for executives.”

Another item on the Trustees agenda is a proposal that includes another 10 percent student fee increase.

“If approved, the Trustees would have increased student fees 100 percent over the past five years, while increasing executive pay nearly 35 percent,” said Yee. “These actions are incredibly disturbing; the ink is barely dry on the state budget and the first action by the Trustees is to give excessive payouts to top executives on the backs of students.”

CSU Students Pay While Execs Play, Again! (California Chronicle)
As fees rise, CSU execs stand to get 11.8% raises (San Francisco Chronicle)

1 comment:

Rich said...

The current agenda for the September BOT meeting now says that the executive compensation issue will be discussed at 8 am on Wednesday. That's a curious move, considering 90% of the audience (and the media) attends only the first day.