Whereas the non-public sector staff reel below the scare of layoffs within the aftermath of job cuts by tech large Google, an Indian-American pc scientist Pradeep Kumar Khosla has a contrasting story to inform. Khosla who’s the eighth chancellor of College of California, San Diego has acquired a pay increase by a whopping $500,000.

After the hike in his wage, Khosla might be incomes $1.14 million a yr in base pay starting Monday, Could 1. It can make him the highest-paid chancellor amongst 9 others who lead College of California campuses.

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As per studies, the College of California Board of Regents made the choice of Khosla’s pay hike, to stop him from accepting the presidency of an unnamed, non-public, out-of-state school.

Khosla took up the function of Chancellor within the College in 2012 and below his aegis and management, the enrollment at San Diego elevated from about 28,000 to greater than 43,000 college students. He additionally performed pivotal function in making certain that the rising pupil housing wants had been met by means of campus enlargement.

“There was a really, very robust dedication from the neighborhood to get this executed due to what Pradeep has meant to San Diego, together with serving to to convey the Blue Line trolley to campus and constructing a number of housing,” stated College of California Board of Regents chair Wealthy Lieb.

The increase in Khosla’s wage might be paid for with non-public fund donations to the College. Lieb knowledgeable media that non-public donors within the San Diego space collectively contributed about $13 million to endow a chair whose curiosity earnings will cowl the added bills.