The University of California Board of Regents (like a board of directors), a publicly supported organization, agreed to cut $813 million from its budget yesterday, and according to the San Francisco Chronicle, set in motion "pay cuts, layoff and campus cutbacks." At the same time, the board approved pay raises, stipends and other benefits for more than two dozen executives.
Does feel a bit like Wall Street but maybe only because we the public really believe that fair is everyone suffering equally, not just those not at the top. Maybe these execs do deserve their raises or stipends -- they have a lot of responsibility for a "business" that has an annual budget of $19 billion. But still...
Read more: http://www.sfgate.com/cgi-bin/article.cgi?file=/c/a/2009/08/07/MNSG194N2P.DTL#ixzz0NVezlVAF
Read more: http://www.sfgate.com/cgi-bin/article.cgi?file=/c/a/2009/08/07/MNSG194N2P.DTL#ixzz0NVezlVAF
Read more: http://www.sfgate.com/cgi-bin/article.cgi?file=/c/a/2009/08/07/MNSG194N2P.DTL#ixzz0NVezlVAF