Some people give back to their community. Then there's Fresno County School Superintendent Larry Powell, who's really giving back. As in $800,000 - what would have been his compensation for the next three years.
Until his term expires in 2015, Powell will run 325 schools and 35 school districts with 195,000 students, all for less than a starting California teacher earns. "How much do we need to keep accumulating?" asks Powell, 63. "There's no reason for me to keep stockpiling money."
Powell‘s generosity is more than just a gesture in a region with some of the nation's highest rates of unemployment. As he prepares for retirement, he wants to ensure that his pet projects survive California budget cuts. And the man who started his career as a high school civics teacher, who has made anti-bullying his mission, hopes his act of generosity will help restore faith in the government he once taught students to respect...