School Superintendent Gives Up $800G in Pay

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 -- $31,000 a year.

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. The former high school civics teacher says he hopes his giveback will also help restore faith in government.

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