As Pusey was unable to give him a position consistent with his former station, Bundy contacted John McCloy, the chairman of the Ford Foundation, to see if he could become president of the Ford Foundation. Bundy had difficult relations with Johnson by this point, but he felt it was his patriotic duty as an American to leave government service in a manner that did not embarrass the president. On 8 November 1965, Bundy was offered the presidency of the Ford Foundation, whose annual pay was $75, 000 dollars compared to the $30 000 he made as National Security Adviser. Furthermore, the Ford Foundation had an endowment of $200 million to be spent annually, making it the world's biggest charity, which appealed to Bundy, as it allow him to maintain that he was still engaged in important work. Through Bundy had discussed his interest in the Ford Foundation with Johnson previously, when the president learned from reading the "New York Times" that the offer had been made, he was notably angry. Bundy agreed to stay on until end 1966, but Johnson became abrasive and abusive towards him, taking the viewpoint that Bundy was guilty of betraying him and he was a coward who was leaving because he could not handle the stress of the Vietnam War. As Johnson ceased listening to Bundy, his role by end 1966 had been reduced down to reporting information and laying out options for the president. In his last report to Johnson in 1966, he stated China was denouncing the Americans as "running dogs of imperialism"; that Marshal Josip Broz Tito of Yugoslavia believed a peaceful end to the war was possible with time; that the governments of Hungary and Algeria were offering to serve as intermediaries in peace talks; that the French president Charles de Gaulle wanted the United States to cease bombing North Vietnam and open talks; and that the governments of Britain and Canada were pressing the Soviet Union in turn to pressure North Vietnam to open peace talks. In his last service to Johnson, when Senator Robert F. Kennedy criticized the Vietnam War in a speech on 31 October 1966, Bundy went on "On Meet the Press" television show to offer a defense of the Johnson administration and to rebut Kennedy's criticism.