Thursday, May 18, 2006

UC chief raked as new pay deals are revealed

San Francisco Chronicle

Latest audit shows scores more were made in secret
Tanya Schevitz, Todd Wallack, Chronicle Staff Writers
Thursday, May 18, 2006


UC regents and state lawmakers harshly criticized the University of California's pay practices Wednesday as an internal audit revealed scores of violations of university policy and UC President Robert Dynes admitted to a culture in his office of "trying to get away with as much as possible and disclose as little as possible."

University auditors told the UC Board of Regents they had found that 143 exceptions to the university's compensation policies had been made to give extra pay or benefits to 113 senior managers. That's on top of the 91 exceptions identified last month by PricewaterhouseCoopers auditors for a different group of UC executives.

The 54-page audit, presented at the regents' meeting at UC San Francisco, looked at compensation packages promised to 299 managers during the three years ending on Dec. 31, 2005.

The audit found that the university had skirted its own rules by granting extra vacation time, asking regents to approve large raises without informing them that the raises were beyond policy limits and giving large relocation incentive allowances to executives moving within California.

Three state senators told the regents in blunt terms that Dynes had broken the public's trust.

"President Dynes, it is not easy for me to look you right into the whites of your eyes and say it, but I am saying it to you today: You have had sufficient opportunity to implement accounting reforms and to get rid of compensation abuses in the university. Instead, it seems the problems have flourished under your watch," said Sen. Gloria Romero, D-Los Angeles, who sits on the state Senate education committee that has held hearings on the compensation controversy. "President Dynes, I look to you to exhibit leadership. I ask you to resign."

[...]

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Comments:
Dynes and Nanos have at least one thing in common: neither one had enough sense to know when to leave. Nanos at least had enough good sense to get Dynes to hand over a nice, fat golden parachute before he bailed. Do you suppose Parsky will do the same for Dynes?
 
What about Nanos still on the LANL payroll until he is vested in UCRP. How is that going to be reconciled now that LANS is taking over soon?
 
"You can't run this place like a hot dog stand," said Regent Richard Blum.

-Oh? Are hot dog stands run this badly?
 
Hey, Holian!
Whaddaya got against hot *dog* stands, anyway?
You some kinda Santa Fe vegan?
-This blog is going to the dogs...(oops)...
 
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