CSU Trustees Approve Executive Pay Raises
SAN FRANCISCO (KCBS) – The California State University trustees have given the green light to executive pay raises. That means that the new presidents of the Fullerton and East Bay campuses will receive 10 percent more in pay than their immediate predecessors.
As recommended by the CSU Chancellor, the president of CSU Est Bay will receive a base salary of $303,000, and CSU Fullerton's president will receive a base salary of $324,000.
"It is guided, and not directed by the comparable institutions," said CSU Trustee Lou Monville. "If that was the case these would be far outside of 10 percent increase because these institutions are far below market, and that's just the reality."
KCBS' Margie Shafer Reports:
The vote was not unanimous at the meeting in Long Beach with Trustee Roberta Achtenberg expressing her concern over the state's economic troubles.
"Today what I'm prepared to do is support a salary level that is the same as the exiting president," said Achtenberg.
The ten percent raise is the maximum raise allowed under an executive compensation policy approved by the board in January. The residents also receive a $12,000 car allowance and a $60,000 housing allowance.
Related: CSU To Reduce Enrollment Amid Funding Shortfall
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