HIGHER EDUCATION BUBBLE UPDATE: CSU again considers executive pay hikes. “Trustees with California State University will consider Tuesday giving three university presidents pay raises from added money provided by campus foundations, increases that would push the trio’s earnings to above $300,000 each. The pay hikes would be the first under a policy approved earlier this year that shifts salary increases for new university presidents compared to their predecessors, at least until 2014, from state coffers to campus foundations. For new presidencies, like with these three, any total salary increase is capped at 10 percent compared to those previously serving in the post. At the same meeting, trustees also will discuss possible tuition increases and job cuts and other budget reductions that may result if the governor’s tax initiative is not successful on the November ballot. If the measure does fail, the 23-campus system would have $250 million less.”