Comment by Eridrus
5 days ago
500k to the CEO of an organization bringing in $25m/yr in revenue isn't that crazy.
In hindsight, it doesn't look like they did a great job running it, but the comp package doesn't seem crazy at that scale.
5 days ago
500k to the CEO of an organization bringing in $25m/yr in revenue isn't that crazy.
In hindsight, it doesn't look like they did a great job running it, but the comp package doesn't seem crazy at that scale.
For comparison, the CEO of the wikimedia foundation (wikipedia) makes 520K in an organization that brings in roughly 190 million per year.
I dont really know what is normal for these types of things.
I suspect that when it comes to CEO pay "normal" might be very far from "reasonable"
I would think "reasonable" is more about pay equity than pay scale. As in a CEO shouldn't be making like three times more than their direct inferiors, for example.
Would you say the captain of the ship brought $500K of value to the team? $25M/yr in revenue is very different when it comes from charity and memberships as opposed to building and selling something.
I have no idea if this person brought 500k of incremental value to the org, they could have been actively destructive, but they certainly have enough leverage to easily pay for themselves many times over.
Often in nonprofits, the person in charge is mostly an exceptional fundraiser and so their contributions are easily visible in that realm. The corollary to that is they are often a bad manager of the org.
> Often in nonprofits, the person in charge is mostly an exceptional fundraiser and so their contributions are easily visible in that realm. The corollary to that is they are often a bad manager of the org.
Well in this case, going off of their public message, we can safely assume: (1) not a very good fundraiser (2) not a very good organizer
while not crazy, it can still be in excess, would $250k been insufficient to make ends meet? I'd be curious to know who decided that was the appropriate compensation