He took $100,000 pay-cut... to up the pay of lowest-paid employees
Talk about paying it forward.
The interim president of an American university, Raymond Burse, elected to take a pay-cut of US$90,000 (S$112,000) to boost the salaries of the lowest-paid campus employees.
It was reported that the US$90,000 will increase the salaries of 24 Kentucky State University (KSU) employees, some of whom were only earning a mimimum wage of US$7.25 an hour. They will now receive US$10.25 an hour.
Burse's annual salary had been set at about US$350,000 and he will now earn US$260,000.
The new salary will remain for future presidents as well.
Burse, who has been praised for his action around the campus, said that this was something he had been thinking for a while.
"This is not a hobby. But in terms of the people who do the hard work and heavy lifting, they are at the lower pay scale," he said.
Source: Lexington Herald-Leader