For the Week of January 27, 2014
|UCOP has a new chief investment officer. Jagdeep Bachher, executive vice president of Canada’s Alberta Investment Management Corporation, has been hired to manage UC’s pension, endowment, short-term, and other investments, overseeing 50 investment staff members. Bachher begins April 1 with a base pay of $615,000 plus incentive pay that, as the Los Angeles Times reports, could raise his compensation to more than $1 million (a full list of the job perks is here).
Several other UC executive positions received hefty pay increases at last week’s regents meeting, as detailed in this article from Berkeley’s Daily Californian. Meanwhile, in response to Governor Brown's call for frugality, UC President Janet Napolitano is pledging that her office will "'lead by example' – by cutting back on spending." Before Janet Napolitano was appointed UC president, she was secretary of the Department of Homeland Security and governor of Arizona, a period which the East Bay Express examines in its latest issue.
UC's 8,300 custodial staff and food service workers, covered by AFSCME Local 3299, will hold a strike vote in February "over staffing standards and wage increases," reports the Daily Californian. The union’s president, Kathryn Lybarger, in a separate opinion piece, accused UC leadership of being "tone deaf" to inequities that have resulted in "skyrocketing workplace injury rates" and members' eligibility for public assistance.
The Daily Californian reports that the union representing 12,000 UC student workers, United Auto Workers Local 2865, is accusing the university of bad faith bargaining this week in a complaint to the Public Employment Relations Board.
The presidents of the UC, CSU, and community college systems pledged more cooperation, saying they want to “break through some of the walls set up by the state's 1960 Master Plan for Higher Education,” according to the Los Angeles Times.
With five vacancies on the UC Board of Regents and two terms expiring soon, on January 17 Governor Brown filled four of the 12-year positions, subject to Senate approval. Three are re-appointments, including Richard Blum, Norman Pattiz, and Monica Lozano.