Some people feel you could close the U.C. budget gap by cutting administrative salaries, including your own.
The stories of my compensation are greatly exaggerated.
This interview with University of California president Mark Yudof is maddening:
When you began your job last year, your annual compensation was reportedly $828,000.
It actually was $600,000 until I cut my pay by $60,000. So my salary is $540,000, but it gets amplified because people say, “You have a pension plan.”
What about your housing allowance? How much is the rent on your home in Oakland?
It’s about $10,000 a month.
Does U.C. pay for that on top of your salary?
Yes, and the reason they do that is because they have a president’s house, it needed $8 million of repairs and I decided that was not the way to go. Why the heck would I ever authorize $8 million for a house I didn’t want to live in anyhow?
Why can’t you have architecture students repair the house for course credit?
Let me ponder that.
Do you raise a lot of income from private donations?
We don’t do it in the office of the president. The focus is campus by campus: Santa Cruz or U.C.L.A. or Berkeley or San Diego, Davis. They have their own development offices, and I’m there to — some of the things I do very well. I smile, I shake hands, I tell jokes.
Why can’t you raise money, too?
I’m out there hustling, but I go where the chancellors invite me. Otherwise they get upset.
He makes $828,000 and receives a $10,000 a month living allowance and excuses his failure to rennovate the president's quarters on campus because it would cost $8 million in repair. He did not, however, think he could do it for less by letting architectural students make some of the repairs for college credit. Go figure.