Extra credit: University of California gives faculty hefty raises while students pay higher tuition
The University of California will spend $140 million raised from increased student tuition to give raises to professors.
In a move that makes Marie Antoinette’s “Let them eat cake” seem like a kind act, University of California President Mark Yudof has decided, as usual, that they need mo’ money.
"Let them eat their student loan documents!"
The University of California will spend $140 million raised from increased student tuition, general fund money and other UC sources to give merit raises to thousands of faculty members and nonunion employees earning up to $200,000, UC officials said Wednesday.
Let’s see, we have a reduced budget due to the financial crisis, we’ve laid off people, the students get a notice of tuition increases every 5 minutes, but damn the torpedos! Full steam ahead! They all need nice big fat raises!
One student sums it up perfectly:
“So all of a sudden they have money?” said Claudia Magaña, president of the UC Student Association and a senior at UC Santa Cruz. “Is this where our fee increase went to? I wouldn’t want to say they don’t deserve it, but I think it’s questionable that all of a sudden there’s money for this, but there’s no money for our services being cut.”
We have to ask if Mr. Yudof is aware that there’s anything unusual going on outside of his little bubble? Like perhaps a global financial crisis?
Perhaps he should go talk to one of the pointy-headed professors in the university’s economics department.
On second thought, they’re the ones who got us into this mess.
