Explaining Southern California's economy

The latest chapter in the CSU compensation controversy

The debate over how much higher education leaders in California should get paid grinds on. California Watch reports:

California Faculty Association has launched a new online ad targeting pay packages for California State University executives — more backlash from the board of trustees' decision in July to pay a new campus president $100,000 more than his predecessor on the same day they approved increases in student tuition....The ad, launched last week, features Monopoly money raining down on a smiling Rich Uncle Pennybags. It links to an online petition that says CSU leaders are "out of touch" and presses for "a new pattern of public service that is appropriate for leaders of a public institution." Some 3,000 people have signed the petition so far.

The controversy stems from Elliot Hirshman, San Diego State University's new president, getting a big raise over the former president, Stephen Weber. The question is: Are college presidents really worth this kind of scratch? Especially when the state that employs them is dealing with a major fiscal crisis?