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Sunday, November 13, 2005

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.

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