[at-l] NFP CEO pay

[sloetoe@xxxxxxxxx (Sloetoe)]

From: "Rich, Timothy D." <TRich@FDIC.gov>
Date: Wed, 12 Mar 2003 08:59:47 -0500
Subject: [at-l] RE: A difficult decision

No flame, but I don't think the six-figure income is a fair
criticism.  A CEO, non-profit or not, that manages an
organization with hundreds of people, $20 million in revenues
and a $45 million balance sheet warrants a pretty high income,
with or without his Harvard MBA.

### Sloetoe disagrees:
Tim, the logic you express above is not uncommon, but it *is*
wrong. (Hmmmm, that's entirely IMO...) The very nature of an NFP
organization demands a higher calling, and those NFPs who pay
for-profit compensation for hirelings risk hiring mercenairies
who carry no mission in their heads. No "'vision' thing". As is
the case with the AMC, and not with the GMC, Randolph Mt. Club,
or MATC.

Sloetoe
(who notes that Tim writes from "@FDIC.gov" and doubts that Tim
is paid in a manner that relates to his responsibilities. At
least Sloetoe, who has over a billion dollars in utility debt in
his [little, underpaid, public sector employee] hands right now,
notes "economists are paid in inverse proportion to their
ability to speak with certainty.")

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