Oakland Tribune columnist on the recent administrative pay raises. Are UCOP and UC Regents "tone deaf"? And does calling the salaries "necessary to retain top-tier talent" justify them?
See Robert Reich's blog, "Obama's Second Biggest Test: Reforming Wall Street, and Why Early Indications Aren't Hopeful". Where he comments that Treasury has caved into huge bank bonuses:
"Tragically, Treasury has already given in on this one. In judging whether a proposed pay package is appropriate, Treasury has decided to be guided by "comparable" pay packages in the industry."
See Robert Reich's blog, "Obama's Second Biggest Test: Reforming Wall Street, and Why Early Indications Aren't Hopeful". Where he comments that Treasury has caved into huge bank bonuses:
ReplyDelete"Tragically, Treasury has already given in on this one. In judging whether a proposed pay package is appropriate, Treasury has decided to be guided by "comparable" pay packages in the industry."
Same thing in UCOP.