UC gave many top execs unapproved compensation: "The University of California gave most of its top executives extra bonuses, car allowances or other compensation that wasn't approved by the governing board of regents, according to a report presented today by the university's outside auditors.
In fact, the audit by PricewaterhouseCoopers found that the UC system gave more than two-thirds of its top managers extra pay or benefits as an exception to university policies or procedures without approval from the regents. "
But at least the staff now gets to pay for their own retirement. Good going, fucking assholian Regents !
Monday, April 24, 2006
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