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Monday, October 5, 2009

Cash-Strapped University of California Spending Millions on Consultants | NBC Bay Area


Cash-Strapped University of California Spending Millions on Consultants NBC Bay Area:

"The University of California at Berkeley's top boss says you have to spend money to save money.

That’s why Chancellor Robert Birgenau is paying Bain & Company, a consulting firm based out of state, $3 million to analyze the university budget and determine how and where to cut costs.

This move is coming at a time when many employees have been laid off, salaries cut, courses reduced and workers furloughed. Employees and students at University of California campuses across the state staged a walkout last month, leaving their classes and workplaces in protest of increasing tuition fees and decreasing paychecks."