November 04, 2008
14 % two-year raise for CUNY chancellor
While the mayor is saying New York City agencies must do more with less, the City University board of trustees quietly gave Chancellor Matthew Goldstein a two-year raise of $55,000, which was first made public five weeks after the board approved it.
In fact, as of this morning, CUNY's web site has not posted the minutes of the September 22 meeting at which the board voted unanimously to boost Goldstein's annual pay to $450,000. The New York Post reported the raise October 30.
According to the Chief (here, available to subscribers only):
Professional Staff Congress President Barbara Bowen decried the increase as "staggeringly out of proportion with the contract that he signed off on," referring to the PSC pay deal that increased wages by 10 percent, and did so over three years. The annual increase for Mr. Goldstein is roughly double what her members received. Goldstein's benefit package includes a $90,000 annual housing allowance, payment of club dues and a personal driver.
CUNY spokesman Michael Arena says Goldstein's raise was based on performance and salaries at other universities.
Noting CUNY was hit with $67 million in budget cuts this year, Bowen says, "I think in that atmosphere, where we're always tightening our belts, faculty have questioned the rightness of a large increase for the chancellor."
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