The University of California's Board of Regents last week abrogated its oversight duties by granting near autonomy to the UC president for setting the salaries of top executives. The taxpayers -- and students who have faced tuition hikes for five straight years -- deserve better. UC President Robert Dynes has gained the authority to grant up to 7.5 percent annual raises to most of the 400 executives throughout the 10-campus system who make between $117,000 and now, potentially, $887,000 a year. An analysis in The Sacramento Bee showed that, for instance, the chief executive officer at UC Davis Medical Center,...