UC gives raises same day it slashes budget

August 7, 2009 7:48:18 PM PDT
Leaders of the University of California system approved pay raises for more than two dozen executives on the same day they cut more than $800 million dollars from the UC budget back in July.

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A UC official told the San Francisco Chronicle the increased pay amounted to a "cost savings".

She says three executives who got stipends ranging from 6-25 percent took on new duties following the departure of the chief operating officer in January. That executive earned more than half a million dollars and she was not replaced.

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