[at-l] RE: NFP CEO pay

[TRich@xxxxxxxx (Rich, Timothy D.)]

Greetings,

I acknowledge your point that nonprofit salaries trail for-profit
enterprises.  I did factor that in, but I was vague in my post.  I agree
that a CEO heading a for-profit enterprise with over $20 million in revenue
would command a higher salary than at a nonprofit.
http://www.nptimes.com/Feb03/sr1.html gives a timely assessment of nonprofit
salaries.  Being a public servant, I of course cannot swing the $15 charge
for the full report, but the overview notes a mean CEO salary of about
$89,000.  That's just for the mean ones - I assume the nice ones make more.
The article contains no stratified information by nonprofit size, but I'd
guess that AMC is "above average" based upon receipts, but not among the
very largest - based upon 2001 receipts, the 100th largest charity had
income of about $98 million.  AMC salaries *could* be in line with some of
its large, visionless counterparts.

As to your postscript posit of my inadequate remuneration, I'll just say
that there are many others doing far more for far less, but possibly some on
the other side.

Take Care,

Tim (who is attempting to break the Weary postscript length record currently
held by Sloetoe by mentioning his trip report with his 11 year old middle
son and how beautiful it was along the Chinnabee Silent and Cheaha Lake
Trails in Talladega National Forest/Cheaha State Park this past Friday and
Saturday, perfectly clear for stargazing, along with good flow for the
waterfalls [did I break the record?])

-----Original Message-----
From: Sloetoe [mailto:sloetoe@yahoo.com]
Sent: Wednesday, March 12, 2003 1:47 PM
To: Rich, Timothy D.; at-l@backcountry.net
Subject: NFP CEO pay


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.")

__________________________________________________
Do you Yahoo!?
Yahoo! Web Hosting - establish your business online
http://webhosting.yahoo.com