U of L's president turns down pay raise, bonus - WDRB 41 Louisville News

U of L's president turns down pay raise, bonus

U of L's President says "no, thanks" to his pay raise and bonus because of tough economic times.

The U of L board is expected to approve James Ramsey's request Wednesday.  Ramsey's contract makes him eligible for a bonus of more than $113,000 for the 2007-2008 academic year.

Instead, Ramsey will receive the same lump sum payment of $700 that other full-time faculty and staff members are expected to receive this fiscal year.

The board earlier approved a university budget that includes $6.1 million in cuts.

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