These academy chiefs are cutting their pay:
www.tes.com/news/school-news/breaking-news/exclusive-academy-executives-cutting-their-own-pay-40
"The current CEO, Martyn Oliver, is paid less still, at £168,675. Mr Oliver turned down a formal written offer of a pay increase following his last performance review, and the trust’s executives have voluntarily refused an annual cost-of-living increase for three years.
“I understand that, as CEO of 22 academies, I am paid well,” Mr Oliver said. “However, the trust’s ultimate wish is to be able to improve the pay of staff at the lower salary bands across the organisation.
“For me, ensuring that pay restraint is exercised at the highest executive level is a significant and symbolic step towards achieving this goal.”"
Obviously it shouldn't be up to academy chiefs to voluntarily keep their pay to more acceptable levels - there should be caps. And where schools are in financial difficulties, I think it would be unethical of heads to keep an over-the-odds paycheck while making staff redundant and cuts elsewhere.