The California State University (CSU) Board of Trustees appear set to approve more exorbitant pay raises for their top executives while once again hiking student fees at their first meeting of the new school year on Tuesday and Wednesday in Long Beach.
The Trustee plan is to increase pay for the top twenty-eight executives at the University a combined $840,767 for a total of $8,263,268 in salaries. Specifically, the twenty-three campus presidents are set to receive a pay hike on average of 11.7 percent, bringing their average salary to $291,821. The top five executives in the Chancellor’s office, including Chancellor Charles Reed, will receive an average increase of 9.9 percent, making their average salary $310,274. Reed’s salary will increase to an excessive $421,500.
These increases are in addition to receiving a free house or $60,000 a year for housing allowances as well as $1,000 month for automobiles. The Trustees will also consider a resolution to give additional yearly raises for the same 28 executives.
Coincidently, the faculty are scheduled to receive only a 4.7 percent pay increase and the Chancellor has rejected a proposal to give support staff a meager 3.5 percent increase.
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