University President donates portion of salary

Parents Forum
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<p><a href="http://money.cnn.com/2014/08/06/news/economy/university-president-salary-gift/index.html"&gt;http://money.cnn.com/2014/08/06/news/economy/university-president-salary-gift/index.html&lt;/a&gt;&lt;/p>

<p>I'm impressed. More of these highly paid university presidents should follow his lead.</p>

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[quote]
A university president is putting his money where his mouth is.
Raymond Burse, who leads Kentucky State University as interim president, will give up $90,000 of his salary so that 24 low wage workers on campus can earn $10.25 an hour.</p>

<p>"I did it to bring the lowest wage employees up to a level where I think they should be," said Burse. ""These are the people who work hard and make the place look good."
Many of the workers including custodians, grounds keepers, and clerical workers were earning the minimum wage in Kentucky, which is $7.25 an hour.

[/quote]
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<p>Meant to include that his salary is $350,000 - so $90,000 is a significant chunk.</p>

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<p>Good for him.</p>

<p>Meanwhile, in New England, the Market Basket Rebellion rages on.</p>

<p>As one of those FB shares says, “The last time New Englanders were this riled up, England lost 13 colonies.” :)</p>

4

<p>I read about this in my local paper last week and was so impressed by the story. Turns out he is the retired president of Kentucky State who has returned to serve as interim president. I’m guessing he is truly familiar with the contributions of these low wage employees. I thought this was one of the best examples of leadership I’ve come across in some time.</p>

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<p>It’s still a wonderful gesture and worth celebrating, but I do wonder whether Mr. Burse qualified for a KTRS pension based on his first period of service at KSU. </p>

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<p>Market Basket will probably end up like Anheuser Bush … a nice subsidiary of a Belgian company! Not the Stella Artois people but the Delhaize. </p>

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<p>SomeOldGuy, don’t all of the college/university faculty and staff participate in 403(b)? Former technical college employees who are part of KCTCS were grandfathered in to KTRS, but if KSU was part of that, I wasn’t aware.</p>

8

<p>Thanks for bringing this story to our attention, rockvillemom. Mr. Burse sounds like a great guy. I found this quote in the Washington Post story;</p>

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<p><a href=“http://www.washingtonpost.com/blogs/on-leadership/wp/2014/08/05/kentucky-state-president-to-share-his-salary-with-schools-lowest-paid-workers/”>http://www.washingtonpost.com/blogs/on-leadership/wp/2014/08/05/kentucky-state-president-to-share-his-salary-with-schools-lowest-paid-workers/&lt;/a&gt;&lt;/p&gt;

9

<p>And SOG, it looks like Mr. Burse has a pension from his tenure at GE:</p>

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<p><a href=“KSU president takes $90K pay cut to give minimum wage workers a raise”>http://www.bignewsnetwork.com/index.php/sid/224460337&lt;/a&gt; </p>