Harvard University's president says he is taking a voluntary 25% pay cut, though the university isn't saying what he makes or how much he is giving up.
As much as I love to rag on the rich, this isn’t a useful way of thinking. Plenty of poor people have had to have pay cuts or be forced to pay more and need to find some way to manage that to survive - so it’d be really easy to claim they could afford it after all and thus the logic of “if they can afford it they were paid too much” could apply to anyone.
I mean it is one of the premiere educational institutions in the world. I imagine they’re looking for some of the best people to run the school and that has a cost.
Also, unlike CEOs or for-profit companies, his compensation is probably his own income (from the school).
If he can afford that he was paid too much to begin with.
As much as I love to rag on the rich, this isn’t a useful way of thinking. Plenty of poor people have had to have pay cuts or be forced to pay more and need to find some way to manage that to survive - so it’d be really easy to claim they could afford it after all and thus the logic of “if they can afford it they were paid too much” could apply to anyone.
I mean it is one of the premiere educational institutions in the world. I imagine they’re looking for some of the best people to run the school and that has a cost.
Also, unlike CEOs or for-profit companies, his compensation is probably his own income (from the school).