UC Leaders Announce Pay Raises One Day After Job Cuts

University of California regents reported giving rewards of $150-$41,205 to nearly 1,500 UCSF employees who met performance targets, a move that raised the salaries of some UC executives to above market rate and granted 10 percent raises to three executives at the university's Oakland headquarters, according to a San Francisco Chronicle report.

The three executives, who each received around $20,000 in additional pay, will earn between $216,370 and $247,500 in base pay, according to the report.

UC reported the additional compensation one day after UC President Mark Yudof told regents that layoffs and course reductions will be inevitable to close a large budget gap. The university will also turn away 20,000-30,000 qualified students because it lacks the money to teach them.

Critics, including Lakesha Harrison, president of the American Federation of State, County and Municipal Employees, expressed surprise and anger at the university's priorities, saying top executives should not receive raises when the university is cutting jobs to fill a budget gap.

Read the San Francisco Chronicle report on UC pay raises.

Read more on compensation:

-Revenue vs. Salary: 20 Statistics Based on Physician Salary

-5 Common Hospital Executive Compensation Practices

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