New L.A. schools chief to take lower pay: $275,000

Jason Song:

The incoming Los Angeles schools superintendent told the Board of Education on Saturday to withhold part of his $330,000 salary because of serious projected budget shortfalls.
In an email to his bosses, John Deasy said he had been meeting with employees to explain potential budget-cutting scenarios. Last month, the board approved sending preliminary layoff notices to almost 7,000 teachers.
“All of our work and plans for restoration are in serious peril,” Deasy wrote. “This is remarkably painful and emotional. As such, given our current circumstances, at this time I respectfully will not accept the salary offered in your contract.”
Deasy will not forgo his entire salary but will instead keep receiving the pay — $275,000 — he has been getting as deputy superintendent. The $55,000 difference represents a nearly 17% reduction.