Report: University of California Overcompensates Top Executives
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It’s not news to us, but here’s the story.
S.F. Chronicle reports: “The University of California gave most of its top executives extra bonuses, car allowances or other compensation that wasn’t approved by the governing board of regents, according to a report presented today by the university’s outside auditors.”
In fact, the audit by PricewaterhouseCoopers found that the UC system gave more than two-thirds of its top managers extra pay or benefits as an exception to university policies or procedures without approval from the regents.
And much of that pay was never disclosed to the public as required by the regents’ policies.
This entry was posted on Thursday, April 27th, 2006 at 7:11 am and is filed under Academia, California, Economy, Education. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.