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.
Vesting generally requires there to be some asset you become entitled to. In private companies that’s stock, but Harvard is a non-profit (and a school) so I don’t think they have any equivelant.
Looking online, it does seem likely there are bonuses and other forms of compensation. But I think agreeing to take a pay cut is him trying to do right, or at least indicate that he’s willing to take a hit too.
Vesting generally requires there to be some asset you become entitled to. In private companies that’s stock, but Harvard is a non-profit (and a school) so I don’t think they have any equivelant.
Looking online, it does seem likely there are bonuses and other forms of compensation. But I think agreeing to take a pay cut is him trying to do right, or at least indicate that he’s willing to take a hit too.