WAVE 3 News Editorial – August 19, 2014: Income Gap - wave3.com-Louisville News, Weather & Sports

WAVE 3 News Editorial – August 19, 2014: Income Gap

By Ken Selvaggi, WAVE 3 News Vice President and General Manager

LOUISVILLE, KY (WAVE) - Actions do speak louder than words.

We applaud the interim president of Kentucky State University for making more than a statement at the school's last board meeting.

Raymond Burse served as president of the school for seven years in the 80s and was asked two months ago to serve again as interim president while a search for a new president was underway.

One of his first moves was to boost the wages of the 24 school employees who were making less than $10.25 an hour to that level. He asked the board to cut his salary by $90,000 to make it happen and they approved the change immediately.

That's strong leadership. And President Burse is not alone.

The President of Hampton University in Virginia made a donation to increase workers' salaries.

St. Mary's College in Maryland reviewed a proposal recently to cap the president's salary at 10 times as much as the school's lowest paid employees.

The ever increasing gap between the ratio of CEO pay and the median worker's salary gets plenty of chatter. It may make good business sense to stop talking, and do something about it.

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