70.7 F
Davis

Davis, California

Sunday, July 25, 2021

News-in-Brief: CSU Board of Trustees caps new presidents’ salaries

The California State University Board of Trustees decided yesterday to cap new campus presidents’ pay to $325,000 a year. The salary ceiling comes as a result of outcry over a $400,000 pay package approved for a new president last year when tuition rose 12 percent.

The new policy will also raise salaries by no more than 10 percent of the pay received by the outgoing president.

The decision also follows two bills were introduced in the state Senate to limit presidents’ salaries after the San Diego State president was awarded a $400,000 salary.

The board is currently looking to fill five spots for presidents in the 23-campus system.

LEAVE A REPLY

Please enter your comment!
Please enter your name here