The $400,000 President

Despite the fact the California’s public colleges are famously having money problems due to the state’s longstanding financial difficulties, the president of one branch of California State University will apparently be quite handsomely compensated.

According to an article by Carla Rivera in the Los Angeles Times:

If the plan is approved Tuesday by the Board of Trustees, San Diego State President Elliot Hirshman would receive annual compensation of $400,000 — $350,000 from the state and an annual supplement of $50,000 from the campus’ nonprofit foundation.

Some lawmakers, students and faculty were incredulous at the salary recommendation and its timing, coming after the Legislature and governor approved a spending plan last week that cuts $650 million from Cal State, with additional reductions possible.

Hirshman’s predecessor, Stephen Weber, made $299,435 a year. Charles Reed, the chancellor of the entire California State University system, in fact only earns $421,500 annually.

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Daniel Luzer

Daniel Luzer is the news editor at Governing Magazine and former web editor of the Washington Monthly. Find him on Twitter: @Daniel_Luzer