Newest addition to UC Board of Regents
Schwarzenegger has appointed one of his top economic advisors to the University of California’s governing board amidst the budget crisis and a pension controversy. Last Thursday David Crane was chosen to fill the spot of Joanne Kozberg on the board. Crane’s position will not include a salary and must be confirmed by the senate for a term to expire on March 2022.
Crane has had previous experience working for California. Besides working closely with the governor, he was on the board of California high-speed rail authority, as well as on the Commission on Economic Development. With the UC budget in such a rut, the governor believes Crane will be an asset to the UC system. Crane states that his main goals for the UC is to provide students with affordable high quality education.
UC Dean addresses pension criticism
Christopher Edley, UC Berkeley Law School Dean, responded to the criticism over his efforts, along with 36 other executives, to increase their pensions. Edley believes that the University should uphold their agreement made in 1999 to calculate retirement benefits as a percentage of executive’s entire salaries. This would cost the UC a total 5.5 million dollars a year. UC President Yudof has stated that it is too costly, and the UC Regents are not required to raise the pensions. Edley believes that this is best for the executive’s families and the university’s integrity. He believes that the UC is responsible for keeping its promise.