A report released this week by California's State Auditor Elaine Howle, highlights the compensation irregularities in the publicly-funded University of California system. The state report is the latest in a series of probes highlighting irregularities in how the 10-campus system rewards its leaders. The audit drew sharp responses from legislators and even brought up the debate over the compensation for CSU's Barry Munitz who teaches one class at a salary of $163,000. In a publicly funded university system, what is fair compensation for talent? Patt Morrison is joined by Elaine Howle, California State Auditor, Paul Schwartz, Spokesman for the University of California's President's Office, and Linnea Bernard McCord, Associate Professor of Business Law at the Garziadio School of Business Management at Pepperdine University.