Total 2022 pay: $6,903,089
Total 2023 pay: $6,260,072 - a $643,017 decrease
Base chair pay: $600,000
2023 chair bonuses and other incentives: $5,622,600
Usually I find these kinds of "non profit CEOs shouldn't make money" things kind of annoying but honestly I don't see any argument for a CEO to make more than a couple million regardless of context.
Yeah I'm not against the CEO earning similar amounts to those of organisations doing similar things and bringing in similar amounts of money... But those CEOs, too, are compensated disproportionately.
Yeah I'm not against the CEO earning similar amounts to those of organisations doing similar things and bringing in similar amounts of money
This is the exact argument boards of directors (which are made of other CEOs) use to excuse continually ratcheting up CEO pay, which their own boards in turn use to excuse ratcheting up their pay. It's the huge grift of the CEO good ol' boys club.
Yeah and the reason they get away with it is because a single person's (exorbitant) pay in the end hardly affect what's left for the shareholders, whereas giving all employees raises costs a lot more.
Yeah, you need a good and competent CEO and that's especially important for a non profit. But most of those salaries are just extreme. Is it really impossible to find good people without paying them multi million salaries?