As USC forces pay cuts amid pandemic, its president gets a new Santa Monica home
The University of Southern California has purchased an $8.6-million home in Santa Monica for its president, a transaction that closed just before the onset of a global pandemic that has resulted in austerity cuts announced Friday at the private university.
Caruso said the university should be held accountable, “and it is for that reason that we decided not to spend $20 million to update the Mudd Estate, and sell it.” The late Steven B. Sample and his wife also resided there. Caruso acknowledged having fond memories of the place. On Friday, USC leaders announced cuts, including a hiring freeze, a pause on capital construction and a 20% reduction to Folt’s salary.
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