An independent state audit into University of California compensation practices portrays a pay structure run amok, where officials regularly bent the rules to secure better deals for top administrators and a shoddy centralized bookkeeping system provided inadequate checks and balances on pay matters. As a result, the university overpaid at least one employee nearly $130,000, padded the retirement-covered compensation of others, and provided housing allowances and other perks far in excess of amounts allowed under policy. The audit said many of the deals were not reported to the public and UC's own governing board. All told, UC handed out $334...