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

After the hike in his wage, Khosla can be incomes $1.14 million a 12 months in base pay starting Monday, May 1. It will make him the highest-paid chancellor amongst 9 others who lead University of California campuses.

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

Khosla took up the position of Chancellor within the University in 2012 and underneath 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 position in making certain that the rising pupil housing wants have been met by means of campus growth.

“There was a very, very strong commitment from the community to get this done because of what Pradeep has meant to San Diego, including helping to bring the Blue Line trolley to campus and building lots of housing,” mentioned University of California Board of Regents chair Rich Lieb.

The increase in Khosla’s wage can be paid for with non-public fund donations to the University. 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.