Clash of the Titans II: Jerry Brown says high-paid execs at UC demanding high pensions are “out of touch”
UC execs’ demand for more benefits angers many (excerpts) Nanette Asimov, San Francisco Chronicle, Dec. 30, 2010 Gov.-elect Jerry Brown, state lawmakers and others minced few words Wednesday in condemning high-paid executives at the University of California who are threatening to sue UC unless it spends millions of dollars to increase their pensions. “These executives seem very out of touch at a time when the state is contemplating billions of dollars in reductions that will affect people who are far less advantaged,” Brown said. Their demand comes as UC faces $21.6 billion in unfunded pension obligations and is reducing benefits…