The Chancellor of the University of California–San Diego has received a $500,000 raise to keep him from accepting an offer to serve as president of an unnamed, private institution.
Pradeep K. Khosla received the raise from the University of California Board of Regents after he notified them of the pending offer.
His base salary will increase from just under $640,000 to around $1.14 million, effective May 1. According to UC spokesperson Roqua Montez, this is less than half of what the competing private institution was offering.
According to the agenda for the board’s April 6 meeting, the pay increase will be privately funded by local unnamed philanthropists….