CSU caps presidents’ salaries

Earnings for new presidents in the California State University system are now capped at 10 percent above that of their predecessors after CSU trustees unanimously voted Wednesday to cap the salaries of incoming executives.

This announcement comes soon after Charles B. Reed, chancellor for the CSU system, received criticism in July for awarding San Diego State President Elliot Hirshman $400,000 a year — an increase of $100,000 over his predecessor.

As a result of this cap, most presidents will receive a salary of no more than $325,000 per year.

In contrast, the UC Board of Regents said during the board’s September meeting that the board would consider adjusting chancellor compensation in order to attract talented, experienced leaders during an era of significantly decreased funding.

Jessica Rossoni covers higher education.