Recently-installed Kentucky State University president Raymond Burse struck his own personal blow against income inequality, giving himself a $90,000 pay cut on his nearly $350,000 salary so that the university's minimum-wage workers could get a raise from $7.25 an hour to $10.25.

Burse, who'll be in the job on an interim basis for a year, told the Lexington Herald-Leader, "This is not a publicity stunt. You don't give up $90,000 for publicity. I did this for the people."

Burse said he was in a position to do this after previously being president of the school in the 1980s and a decade as a senior executive at General Electric, explaining:  "My whole thing is I don't need to work. This is not a hobby, but in terms of the people who do the hard work and heavy lifting, they are at the lower pay scale."

The pay raise for the minimum-wage workers will reportedly remain even after Burse leaves, and will apply to new hires as well.