Jose Fernandez, superintendent of the South Bay school district in Los Angeles, makes $663,000 a year. President Obama has a base salary of $400,000. “This isn’t a rich business we’re running. This is educating low-income students. We’re hoping, at the very least, to renegotiate this contract,” said Jack Foreman, president of the Centinela Valley Secondary Teachers Association. The district is composed of three schools with a total of some 6,600 students.