<p>The University of California System President position is equivalent to the University of Texas System Chancellor position (and vice versa at the institution level), so while this would 'technically' be a lateral, obviously no one can argue the U-California system is the nations' greatest collection of public research universities and this is clearly a promotion to perhaps the highest post in higher education (albeit, it actually pays much less currently!) This isn't so much a story other than the fact that this would be the second UT administrator to make the move to the California system in a high profile position (following UT-Austin's Robert Berdahl's move to become Berkeley's Chancellor in the late 90s). While I'm sure some have strong opinions regarding the relationship between administrators and faculty/students/government in public higher education, I just thought it was interesting the UT System has become somewhat of a feeder institution to the UC System.</p>
<p><a href=“http://www.infoplease.com/ipa/A0112636.html[/url]”>http://www.infoplease.com/ipa/A0112636.html</a></p>
<p>He’d be dealing with about half as much financial assets.</p>
<p>^^ that list is from 3 years ago. UC’s total endowment is much higher now.</p>
<p>Wow…I bet they had to give him a significant boost in pay. The cost of living differences between Texas and the Bay Area are significant.</p>
<p>It’s good to have strong leadership in a time of funding crisis.</p>
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My kind of guy…pancakes are the world’s perfect food.</p>
<p>They usually get a free home and car so the big items are covered. He will have to pay state income tax but he can deduct that from his Federal easing the pain a bit.</p>
<p>^ True, true. </p>
<p>Those administrators get all the perks. Get ready for the Monday morning quarterbacking from the unions and state legislature…</p>
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Wow…I bet they had to give him a significant boost in pay. The cost of living differences between Texas and the Bay Area are significant.
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<p>The ironic thing is that pay is one of the potential stumbling blocks… because Yudof currently makes ~$300K MORE than Dynes. California needs to at least match that, and then as you said, probably factor in some sort of cost of living adjustment for the California move on top of that so that it is isn’t a salary decrease. I doubt legislators would support anything near a $1 million salary, especially considering the past compensation issues and current budget issues. Could get interesting!</p>
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Yudof’s salary last year at Texas was $476,400, but deferred compensation and other benefits brought his total compensation to $742,209, according to a survey by the Chronicle of Higher Education. Dynes’ salary was $405,000, and his total compensation was not much more at $421,000, the UC reported.</p>
<p>The issue of high pay could be controversial because the next UC president will be walking into a state budget crisis. The university is considering cutbacks in staff and a hike in student fees, actions sure to provoke protests. This week the university announced a plan to reduce the budget of UC president’s office.
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<p><a href=“Head of Texas system coming to UC? – The Mercury News”>Head of Texas system coming to UC? – The Mercury News;
<p>Yudof accepts offer. Not much of a cost of living adjustment, but he will be making almost double the former president’s salary</p>
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[quote=]
The UC board voted to award Yudof an annual salary and compensation package valued at $828,000, compared to a current package of $775,000 at the University of Texas. Dynes, his predecessor at UC, earned $421,000 last year, according to the Chronicle of Higher Education.
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<p>[UT</a> chancellor formally accepts UC president post | Chron.com - Houston Chronicle](<a href=“http://www.chron.com/disp/story.mpl/front/5654622.html]UT”>http://www.chron.com/disp/story.mpl/front/5654622.html)</p>
<p>And found another example of the close “relationship” between the UC and UT systems… I didn’t realize the current UCSD Chancellor, Marye Anne Fox had been Vice President for Research at UT-Austin before becoming Chancellor at NCState.</p>