Dive Brief:

• The president of Rutgers University is giving back his $90,000 performance bonus.
• Robert Barchi cites the university's budget crunch and says the money should be used for undergraduate financial aid. 
• Barchi makes $650,000 a year.

Dive Insight:

There's precedent here: Barchi's predecessor, Richard McCormick, also gave back many of his bonuses.

Cheers to both of these guys. We hope Rutgers will be better off as a result of their actions.