Inside Higher Ed: Why a President Turns Down a Bonus
James Ramsey had specific goals in his contract as president of the University of Louisville, and he met just about every one, entitling him, trustees said, to a bonus of up to $113,857 – 25 percent of his base salary. In light of his state’s financial hardships and their impact on his institution, however, Ramsey recently decided not to accept the bonus. Now, a decision that some view as purely symbolic is being viewed by others on his campus as a show of solidarity in the midst of a university budget constrained by state cuts.
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