The California State University Board of Trustees voted 10-1 on Wednesday to freeze state-funded pay raises for campus presidents. The measure does allow for presidents to receive raises via private foundation donations. Toni Guinyard reports from Long Beach for the NBC4 News at Noon on May 8, 2012.
The California State University Board of Trustees passed a measure on Wednesday that will stop state-funded pay raises for campus presidents for two years, but there’s a catch.
While the measure freezes the level of state funding available to pay salaries of incoming CSU presidents, it allows for private foundation donors to give limited amount of donations toward the salaries.
Private donors will be limited to donations not exceeding 10 percent of a president’s salary.
The measure, which was passed by a vote of 10-1, allows private donations to keep salaries competitive, according to the trustees.
The board has come under fire for increasing the salaries of incoming presidents to higher levels than their outgoing predecessors.
The plan was approved by the board’s Special Committee on Presidential Selection and Compensation on Monday by a unanimous vote.
Margaret G. Fortune casted the lone dissenting vote.