State Auditor Criticizes Sac State Prez's Deal

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(Sacramento, CA)
Tuesday, November 6, 2007

The audit looked at top executives’ compensation packages at five CSU campuses and the Chancellor’s office.  Many got auto and housing allowances.  But Gonzalez got almost $65,000 in closing costs when he sold his old home and moved.  And Sac State’s foundation gave him a home loan of more than $230,000 at a low interest rate.  He paid that loan back in full.
State Auditor Elaine Howle says Gonzalez’s perks were unique in the Cal State system.  But Executive Vice Chancellor Richard West defended the benefits as necessary to bring Gonzalez to campus. 
“It was part of the incentive package to encourage the president to take the job at Sacramento.  It was part of the recruitment process.”

The audit says CSU execs’ compensation went up 25 percent over the last five years.  And it’s urging the Chancellor’s office to change its practices.