Ever Wonder Why Cost Of College is Skyrocketing? Here's A Clue

Good article in the San Francisco Chronicle reporting on the large bonuses paid to 8,500 employees at the University of California....

Paraphrasing here ......8,500 employees got a bonus of $20,000 or more and the cost of this "extra compensation" in one year was $599 Million!

And a recent study by an outside firm reported the university paid its employees 15% less than other schools BUT the study failed to take into account this "extra compensation" or even mention it in its report.

http://sfgate.com/cgi-bin/article.cgi?f=/c/a/2005/11/13/MNGHFFNMAC1.DTL