LONG BEACH (KTLA) -- Students in the Cal State system are outraged, after the CSU Board of Trustees approved sizable pay raises for two university presidents, despite major budget cuts and a possible enrollment freeze for Spring 2013 at many Cal State campuses.
The trustees approved the pay raises in an 11-3 vote at their bi-monthly meeting in Long Beach on Tuesday.
CSU East Bay President Leroy Morishita will receive a base salary of $303,660. CSU Fullerton President Mildred will receive a base salary of $324,500.
That's 10 percent more than their current salaries, and 10 percent more than their predecessors earned.
Ten percent is the maximum raise allowed under a new executive compensation p...