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Keyword: executiveraises

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  • CA: UC Regents Retroactively OK Executive Raises and Perks Flagged by Auditors

    09/22/2006 9:27:53 AM PDT · by NormsRevenge · 1 replies · 211+ views
    LA Times ^ | 9/22/06 | Rebecca Tronson
    SAN FRANCISCO — The University of California's regents took further steps Thursday to try to resolve its long-running controversy over executive compensation, in many cases by giving retroactive approvals for deals previously granted without the required board signoff or disclosure. The corrective actions came in response to several audits last spring that detailed scores of instances in which UC leaders had failed to follow their own policies in granting additional pay or benefits to top managers. In most, the extras were provided without explicit regent approval. Those audits followed media reports that the university system had given millions in bonuses,...