University of California Berkeley: America's most overrated expensive product. According to the Contra Costa Times, October 10, 2009,“When UC Berkeley Chancellor Robert Birgeneau ($500,000 salary) was confronted with the $150 million challenge, he gave the matter deep thought, turned his focus eastward to the Boston-based consulting firm Bain & Co. and agreed to pay a $3 million budget (actual cost $7.2 million and growing) over the next two years for someone else to solve the problem.