May 5, 2006
U. of Calif. Audit  Finds Problems in Pay
University of California officials failed to properly disclose some of the compensation the system has provided to many of its senior managers over the past decade, or to seek required approval for it, according to an independent audit released last week.
The system's Board of Regents had requested the audit, which was performed by the accounting firm PricewaterhouseCoopers, in the wake of a series of articles by the San Francisco Chronicle about bonuses and benefits provided to top
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