School superintendent gives up $800k in pay

by WIZ

This guy’s story is amazing (the full article is worth reading):

FRESNO, Calif. (AP) — Some people give back to their community. Then there’s Fresno County School Superintendent Larry Powell, who’s really giving back. As in $800,000 — what would have been his compensation for the next three years.

Until his term expires in 2015, Powell will run 325 schools and 35 school districts with 195,000 students, all for less than a starting California teacher earns.

“How much do we need to keep accumulating?” asks Powell, 63. “There’s no reason for me to keep stockpiling money.”

(…)

Powell’s answer? Ask his board to allow him to return $288,241 in salary and benefits for the next three and a half years of his term. He technically retired, then agreed to be hired back to work for $31,000 a year — $10,000 less than a first-year teacher — and with no benefits.

“I thought it was so very generous on his part,” said school board member Sally Tannenbaum. “We get to keep him, but at a much lower rate.”

His move was so low-key, his manner so unassuming, that it took four days after the school board meeting for word of his act to get out to the community. There were no press releases or self-congratulatory pats on the back.

Yes, what he did was great and the money he kicks back these next three years will, as mentioned in the article, go to the S.D. However, don’t be fooled by this. He will still get a six-figure retirement that rises with cost of living. That reform may be beyond his own control but it is what it is.

(thanks V.S.!)

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