The fact that some of the leaders of industry are able and willing to serve at a lower salary is wonderful. It is to be safeguarded by those who have control. It has merit and strength beyond its designation or actual function. It is in main the salvation and growth of our way of life and our growth. It will allow us to stay on top.
First, while $340K (or even $250K, for that matter) seems like a lot of money, it's NOTHING compared to the salaries of many college/university presidents, some of whom make seven figures annually. A university president is (1) the public face of the school; (2) the institution's Chief Executive Officer; (3) the school's principal fundraiser; and (4) usually a top-flight executive and/or scholar. As Mr. Burse indicated, he doesn't need the money, indicating that he likely did extraordinarily well in his previous stint as a GE senior executive. As the head of a historically black university, he's modeling the notion of "giving back," which is highly valued in the African American community. I say accept the move on face value.
Very noble of Mr. Burse. These Schools and College Presidents are really ripping the American people off, and putting students/parents in terrible debt with their outright greed. People complaining about fast food workers asking for wage increases, when these crooks are really criminals with their greed.
all you hacks ought to work for nothing
He will make a $250,000 in a non profit job.He is the one that should be receiving the $90,000.
Nice of the guy, but how come no one is asking why a Glorified Teacher is making $340,000 a year to begin with. Cant imagine what the professors are being paid, and yet we wonder why it costs so much for College now adays, hmmmm
Could someone out there please see that this article; that knowledge of this selfless act of generosity, gets to those bastards who run WalMart?
If there were more people like him, the world would be a better place. He didn't have to do it.
He had a guilty conscience$340,000- for a non profit job !
What a generous move. The employees affected will appreciate him!
It is hard to find a man of principal nowadays but this man is truly one…
I agree. Wish more CEO's had his generosity. Applauding him!