Cutting against the grain, University of Missouri President Gary Forsee is setting a good example.

Consider the tone-deaf CEOs who have collected lavish bonuses even as the government has rushed in to prop up their ailing companies with tax money. Forsee turning down a $100,000 bonuses to which he’s entitled under his contract because he met certain goals. Forsee, who earns $400,000 a year, also says he doesn’t want a raise this year or a bonus next year.

The university, like so many other organizations, is facing steep budget problems. Forsee’s decision will save a modest amount in the grand scheme of things, but thumbs up for making this a matter of shared sacrifice.