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CSU trustees agree to pay cap and other reforms advocated by Sen. Ted W. Lieu
January 25, 2012
Unprecedented $100,000 raise prompted demand for reform
LONG BEACH – Days after Sen. Ted W. Lieu called for California State University trustees to reconsider an executive compensation plan on grounds it ignored California’s fiscal realities and CSU's budget conditions, the 23-campus system’s governing board agreed.
“The CSU Board of Trustees today moved unanimously to adopt a cap on salaries for campus presidents, inserted first-ever consideration of fiscal conditions into their policy, and changed the formula for comparing California salaries to make it a guide rather than the determining factor,” Lieu said minutes after testifying at the CSU hearing in Long Beach. “These three changes are significant reforms that will help rationalize CSU executive compensation decisions.
“I commend the Board of Trustees for moving in the right direction.”
CSU trustees' prior actions had prompted Lieu’s letter, white paper, and legislation when they approved a $100,000 raise for a San Diego campus president minutes after approving a 12 percent tuition hike, and then sought to formalize that decision.
To read Lieu’s Jan. 17 letter to CSU Chancellor Charles Reed, click HERE.
To read Lieu’s letter and ‘white paper’ on the CSU salary plan, which included criticism of the compensation-comparison study by the Legislative Analyst, click HERE or go to the link below.
To read about Lieu’s bill, SB 959, to limit CSU salaries, click HERE:
To listen to an audio recording of Lieu talking about SB 959, click HERE:
For more, including additional background, visit Lieu’s Web site at the address below or contact Lieu’s office. Press can contact Ray Sotero at (916) 651-4028 office; (916) 834-1128; or firstname.lastname@example.org
Ted W. Lieu chairs the Senate Labor Committee and represents nearly 1 million residents of Senate District 28, which includes the cities of Carson, El Segundo, Hermosa Beach, Lomita, Manhattan Beach, Redondo Beach and Torrance, as well as portions of Long Beach, Los Angeles and San Pedro. For more, visit www.senate.ca.gov/lieu