Budget woes force pay cut for UC execs - James P. Sweeney, Union-Tribune

University of California's president, its chancellors and other top executives will take a 5 percent pay cut as the university prepares a broader response to deep budget reductions imposed by the state. The move, effective July 1, will trim probably less than $1 million from the salaries of about 30 ranking administrators, starting with UC President Mark Yudof, who announced the decision yesterday in an internal letter. But it sends a signal to the balance of the 10-campus system that furloughs, pay cuts and layoffs may be inevitable as the university confronts a $500 million-plus cut in state funding.