WRONG! Dignity as Executive Perk
I’m shaking with anger right now.
After a week of storm and stress, the Board of Trustees of the California State Univeristy system has vote to merely scale back the one-year-of-pay-for-no-work golden parachute for top Univesity administrators. Why do these scions of the super-privileged think they are entitled to a public subsidy of hundreds of thousands of dollars?
…the perk is vital because it allows “a dignified way” for CSU executives, including campus presidents, to step down from their well-compensated positions.
Well, I have a thing or two to say, nay SCREAM, about treating dignity as a perk of the executive lifestyle.
First, you’d think the dignity that comes with raking in a salary 35x the minimum wage (or more) would be enough. When you earn several hundred thousand dollars a year, you get a nice house, nice clothes, nice gadgets, a nice car. All those status symbols encourage others to defer to you. You don’t have to approach people for favors - people approach you because doing you favors might get them into the crony circle.
And there’s not much need for a golden parachute when one executive job is likely to lead to another one. So you don’t get to be SVP of Lockheed for a while? On $300,000 you could live like retiree on Social Security for 15-20 years and enjoy the fishing. But why even use that principle when your time in the executive suite stuffed your pension stocking?
And let’s not forget how the UC executives acquired their positional power in the first place: most of them dined off the tall white male advantage all their lives.
For the love of Mike, Pete, and the Magdalen! Wrong, wrong, wrong…
Now let’s talk about who the salary-padded UC executive is STEALING from. The U.C. graduate schools are extremely poorly endowed. In the humanities, where time to dissertation can run over ten years, most students are lured in with a year of fellowship funding and then forced to to take out tens of thousands of dollars in loans (on top of work that may or may not be related to their academic progress) in order to get their Ph.D. When I was in graduate school, I took out these loans and worked for several years as an eldercare assistant - and I still didn’t end up with my doctorate because a powerful department administrator sneakily transferred a fellowship I had been nominated for to a student he preferred: and by the time I found out, it was too late to make other arrangements. I was in such a precarious position that I couldn’t cope with the months of bureaucracy once my department wouldn’t immediately correct the situation. My hair was already gray from several starvation periods. My life had been reduced to an eternal round of humiliating and hopeless meetings with profs who had already decided the current was against me. Was there a plan in place to transition out of grad school in a DIGNIFIED way? No, I left grad school to temp around, and generally fail at the rest of my life.
No doubt this story can be echoed by many graduate students chewed up and spit out by the UC system.
And let’s talk about the working poor, whose underpay subsidizes the lifestyle of the self-absorbed jet set. Does America give a fig about the dignity of the millions of people who sweep their floors, wash their clothes, change the diapers on their babies, and harvest their food? No - we’re all freaked out that our taxes might go toward the janitor’s entitlements. Oh the horror!
Well if entitlements for the poor are a moral hazard, then entitlements for the rich are the crying shame of our times. Dignity isn’t a perk of celebrity and attention: it’s a universal human right, and we need to start restoring it from the bottom up.
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More info on the California State University situation:























Having worked in corporate America I’ve seen this all the time. Having been a college student I’ve seen it there too. I was devastated when i found that I would not be going to grad school but having heard stories like yours about the politcis and backstabbing over the years I evetually got over it. I just wish that my BA in History and Political Science were enough to get me something wroth while. I graduated in 1998 and have been bouncing from one dead end job to another.
Comment by Miguel — November 16, 2006 @ 4:09 pm
My degree was in history, too - unfortunately it’s for an obscure period and completely worthless. My experience at Berkeley (7 years) still makes me angry. I worked very hard to get into graduate school in the first place, but in the end “financial realities” beat out my merit and qualifications. And this isn’t just about me. The grad student turnover at Berkeley was ridiculous, which meant a lot of people were *losing* the investment they made when they started grad school. This ought to be illegal.
Anyway - the profs in the History department always told starving and debt-ridden students that they were lucky just to be chosen for a selective program. Shouldn’t we be telling these executives that they are lucky to have the chance to lead a worldclass university?
Comment by Elisa — November 16, 2006 @ 4:20 pm
Oh I know what you mean about those financial realities. I’m 50,000 in the hole right now. I went to grad school ofr library studies-it was the only program I could get into-and since I was working a full time paid intern program and going to school at the same time I couldn’t keep up. I lost the grades and thus lost the job. So I increased my debt from 25,000 from my undergraduate years in University of Florida to 50,000 and have nothing to show for it. These university presidents are making ridiculous amounts of cash and what they do has to do more with the corporate life rather than the educational life. A public school principal makes a pitance compared to what the president of a university makes. Ridiculous!
Comment by Miguel — November 16, 2006 @ 4:59 pm
Just the thought that highly-compensated execs are entitled to special dignity consideration on top of everything else is totally giving me a stomach ache. They should be fighting to protect the dignity of their subordinates!
Comment by Elisa — November 16, 2006 @ 5:14 pm