* UC Petition against exorbitant compensation demands by UC execs
Over 1200 staff and faculty at the University of California have signed a petition protesting a demand by top UC executives for higher compensation.
To sign the petition, go here
The petition reads:
We, the undersigned faculty and staff of the University of California, urge you to resist the request by 36 top executives and deans to raise the pensions of those making over $245K.
At a time when the UC pension system is endangered and the entire instructional and research enterprise of UC is imperiled we find it outrageous that these managers — whose very job it is to steward the system — would demand exorbitant pension compensation. They cannot have it both ways: private sector salary levels and public employee pensions.
The damage to the image of the university from excessive pay and benefits, and now from this ill-timed threat of a lawsuit from the 36 signees, has been immense. In order to restore public faith in UC, you must come forward quickly with a statement of intent to hold the line on pensions to elite employees.
The principle here is greater than this incident: this is a public university, one in dire straits financially. Most of us work for reasonable salaries but also for the public good. If the elite earners do not care enough about the public university to stay, then let them depart for the private sector. We believe you can find dedicated people within and without UC who would would be willing and able to replace these individuals.