It’s not everyday that a college president decides to take a $90,000 pay cut for the benefit of low-wage workers. Last week however, Raymond Burse, interim president of Kentucky State University, did just that. His decision sets a new precedent amongst presidents and CEOs to raise the bar on livable wages for employees.
Salary transparency is hot right now. More companies are revealing what workers make, in the hopes that it will increase trust, improve productivity, even minimize the gender pay gap. But that doesn't meant that sharing salaries is totally without peril for employees.