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    Governor Schwarzenegger vetoed a bill that would have prevented pay raises for University of California executives during times of budget deficits. This upset the president of a labor union, who argued that while workers face layoffs and furloughs, executives are receiving lavish pay increases and bonuses. In 2009 alone, the UC Board of Regents approved $9 million in executive pay hikes. At one meeting, they gave several executives pay raises of 11% to 59% over their predecessors and awarded "administrative stipends" of $24,000 to $58,625 without extra duties. The Regents approved almost $2 million total in compensation at that single meeting.

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    Governor Schwarzenegger vetoed a bill that would have prevented pay raises for University of California executives during times of budget deficits. This upset the president of a labor union, who argued that while workers face layoffs and furloughs, executives are receiving lavish pay increases and bonuses. In 2009 alone, the UC Board of Regents approved $9 million in executive pay hikes. At one meeting, they gave several executives pay raises of 11% to 59% over their predecessors and awarded "administrative stipends" of $24,000 to $58,625 without extra duties. The Regents approved almost $2 million total in compensation at that single meeting.

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    7 views1 page

    Press Release2

    Uploaded by

    api-26051999
    Governor Schwarzenegger vetoed a bill that would have prevented pay raises for University of California executives during times of budget deficits. This upset the president of a labor union, who argued that while workers face layoffs and furloughs, executives are receiving lavish pay increases and bonuses. In 2009 alone, the UC Board of Regents approved $9 million in executive pay hikes. At one meeting, they gave several executives pay raises of 11% to 59% over their predecessors and awarded "administrative stipends" of $24,000 to $58,625 without extra duties. The Regents approved almost $2 million total in compensation at that single meeting.

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    For Immediate Release

    October 12, 2010

    Governor Supports Bloated Salaries for Top UC Bureaucrats


    Legislatures bill to curb lavish salaries for UC executives vetoed

    SACRAMENTO – In spite of wide support from the Legislature, Governor Arnold


    Schwarzenegger (R-Los Angeles) vetoed legislation that would have ended executive
    pay raises during bad budget years at the University of California.

    “The UC continues to run itself like AIG, its complete disregard for its students and
    workers is now shared by the Governor,” said Lakesha Harrison, President of
    AFSCME Local 3299. “Workers are being forced to accept furloughs, threatened by
    mass layoffs while the University is flush in cash. The Governor’s veto affirms a
    corporate mentality that slashes workers, raises student fees, and further enriches
    the wealthy. All students, parents and workers should be outraged at the waste and
    abuse by this Governor and his corporate pals at the University of California. His
    failure to lead ensures that the UC will operate like AIG, not a public trust.”

    In 2009 alone, the UC Board of Regents has already approved approximately $9


    million in executive compensation increases. At the Regents meeting in July, several
    executives were appointed at salaries from 11 percent to 59 percent higher than
    their predecessors. The Regents also voted to give “administrative stipends” ranging
    from $24,000 to $58,625 to several employees, without any extra duties, and added
    several new highly paid executive positions.

    All told, the Regents approved nearly $2 million in monetary compensation


    increases at just one meeting. That is in addition to other forms of compensation
    including generous pension plans, travel allowances, housing, and access to low-
    interest loans. UC President Mark Yudof also receives nearly a $1 million in salaries
    and perks.
    ###

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