She may be thinking that UC shouldn't be taking more than the (increased) number of out-of-state students than it now hands. Maybe, tuition might be frozen for another year. It wasn't nice of Jerry Brown to veto the extra $50 million for UC that the legislature voted. Student fossil fuel divestment proposals are just a "bumper sticker" as opposed to UC $1 billion green investment plans. She isn't looking to be the next U.S. attorney general. (Not clear that there was a Sherman-type rejection, though.) It's a great job to be UC prez. Chancellors need to be paid more compared to other universities. That pretty much sums it up. But here are a couple of sources.
From the LA Times: http://www.latimes.com/local/education/la-me-ln-uc-napolitano-20140930-story.html
From the Daily Bruin: http://dailybruin.com/2014/09/30/napolitano-says-uc-will-reevaluate-tuition-policy/
From the UC prez herself: https://www.insidehighered.com/views/2014/09/30/essay-janet-napolitano-her-first-year-president-university-california
Things are really going great, in short:
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