A University President Declines A Raise?
What is this world coming to?
Something You Don’t See Every Day
The University of Louisville board of trustees Thursday approved the school president’s request to forgo the triple-digit pay raise or bonus he could have received.
James Ramsey will instead receive a lump sum payment of $700, the same amount other full-time faculty and staff members are expected to receive this fiscal year, according to U of L spokesman John Drees. The lump sum payment will bring Ramsey’s base university salary to $331,918.
Under Ramsey’s contract, he would have been eligible for a bonus of more than $113,000 for the 2007-08 academic year. But Ramsey asked the trustees not to give him any additional money because of the tight economic times.
The board earlier approved a university budget that includes $6.1 million in cuts.
Leadership does matter. When Ramsey calls for belt-tightening, sacrifice, and cooperation, he should get it because he walks the talk. Don't you think this is a great idea, Bob?