"Executives revel in taxpayer-backed bonuses while front-line workers suffer layoffs and wage cuts. Ordinary people see their livelihoods diminished and their children’s futures eroded while the corner office club gets richer. Costs increase for consumers though they get less value in return.
These were the stories you heard following the fallout on Wall Street during the meltdown of AIG and Lehman Brothers. But now they’re just as applicable to result of the misplaced priorities of the University of California under UC President Mark Yudof."
