Lawmakers Urge Governor To Sign Executive Compensation Bills

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(Sacramento, CA)
Tuesday, October 2, 2007

The bills come after scrutiny into the sometimes secretive way executive compensation has been handed out in the past. 

Under the two bills, compensation for executives would have to be voted on in open meetings.  And the details would have to be made public. That would include not just salary and housing – but any other perks.  Democratic Assemblyman Anthony Portantino wrote one of the measures. 

 “If you’re going to do the public’s business, do it in a public meeting.  Don’t go behind closed doors, give out extremely significant raises to your top executives without public scrutiny of those decisions.”

A C-S-U spokeswoman says current law already requires the University to conduct business in open meetings.  She says legislation requiring that is duplicative.  C-S-U Trustees recently awarded pay increases to top administrators that averaged about twelve percent.   Governor Schwarzenegger has not taken a position on the bills.