"California State University's trustees will vote today on whether to increase how much the system's 22 campus presidents and other senior executives earn. The vote could potentially pave the way for up to 15% in annual incentive-based raises paid for by philanthropic funds and base salaries that reflect how much presidents at similar universities earn. Exact numbers aren't available; those are to be revealed during the board meeting."
"Several hundred unionized staff and faculty rallied outside the board of trustees meeting today, raging against the proposed executive raises at a time of budget austerity, layoffs and program cuts. "I am mad," said Erin Foote, a union board member for California State Employees Union, during the rally. The union represents 35,000 office and student workers. The union is in a dispute with the system over additional raises."
A vote by California State University trustees could allow up to 15% incentive-based raises paid by philanthropic funds and base-pay adjustments tied to peer institutions for 22 campus presidents and senior executives. Exact figures are to be disclosed during the board meeting, with a full-board vote scheduled later in the day and implementation expected in the next year or two; no raises would take effect this year. Several hundred unionized staff and faculty rallied against the proposal during budget austerity, layoffs and program cuts. Current average presidential base pay is $453,000, ranging from $370,000 to over $500,000, with examples including housing and allowances. Under the compensation plan, raises to executive base pay would be part of overall wage increases for Cal State workers.
Read at San Jose Inside
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