Monday Memo: news & views about working at UC

For the Week of September 29, 2014

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The “UC regents have odd sense of ‘injustice’ when it comes to pay” read the headline of an editorial in the Los Angeles Daily News. The article criticized the regents for voting to raise the pay of three of the lowest-paid UC chancellors 20 percent, to over $383,000. “The board trotted out the old argument about pay hikes being necessary to keep the university’s indispensable leaders from being lured away to more lucrative jobs,” said the editorial, and “UC President Janet Napolitano — who last year accepted a starting salary lower than her predecessor’s — got into the act by saying the chancellors ‘are paid far less than leaders of other public universities in other states.’”

The influential online magazine Slate also poked fun at the regents for the move, saying “comfort yourselves in the knowledge that every chancellor in California has been raised from the depths of pretty rich to really quite rich.” The only regent voting to oppose the move, reports Slate, was “valiant lieutenant governor Gavin Newsom.”


UC and CSU will not be receiving an anticipated $50 million each to pay for critical deferred maintenance because state property tax revenues were lower than projected, reports the Sacramento Bee.

In the face of a projected $350 million budget shortfall by 2016, the university is moving ahead with new attempts to capitalize on and raise money for research. In 2015 it will launch UC Ventures, a new venture capital fund to invest in UC startups, with $250 million in UC funds. "The fund will be run independently from the university and will have an advisory board," reports the Daily Californian, "including Silicon Valley experts." KQED's California Report discusses some faculty concerns about the venture.

Labor activists were among those support a huge climate march in New York City this past weekend, writes Labor Notes, aimed at world leaders gathering for a climate summit. Union members were also part of a demonstration converging on the nation’s capitol last week to send a message to conservatives to stop their attacks on Social Security and Medicare.  US Senator Elizabeth Warren (D-MA) told the crowd that two-thirds of seniors rely on Social Security for most of their income. House minority leader Nancy Pelosi (D-CA) also spoke.


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