I stopped having faith in nonprofits after seeing how much the successful ones pay their CEOs. They’re just businesses riding the low-tax train until they’re rich enough to not care anymore.
I don’t understand that point of view? Why would they pay their CEOs less than any other company? If they did, then they would either not be able to hire CEOs, have the shittiest CEOs or have CEOs that wouldn’t give a crap. People don’t live on welfare, especially highly connected, highly educated people like CEOs.
Why do you think lower paid CEO must be shitty? There turns out to be very little link between the CEO and CEO pay and the company performance… they are only paid a lot cause they are in the position of power to directly influence their salary.
they are only paid a lot cause they are in the position of power to directly influence their salary.
And not because they have a much higher responsibility? As a CEO, it is your job to make sure a company makes a profit (unless you are a nonprofit, I guess you have some other goal you need to achieve). That is what you a pay a CEO to do. I assume you would pay more for someone who is able to turn a higher profit.
I stopped having faith in nonprofits after seeing how much the successful ones pay their CEOs. They’re just businesses riding the low-tax train until they’re rich enough to not care anymore.
I don’t understand that point of view? Why would they pay their CEOs less than any other company? If they did, then they would either not be able to hire CEOs, have the shittiest CEOs or have CEOs that wouldn’t give a crap. People don’t live on welfare, especially highly connected, highly educated people like CEOs.
Why do you think lower paid CEO must be shitty? There turns out to be very little link between the CEO and CEO pay and the company performance… they are only paid a lot cause they are in the position of power to directly influence their salary.
Do you have a source for this?
broadly gestures at everything
Actually, I do… but do you really want the source or do you just want me to be wrong?
I would like to read more. Sorry if asking for a source made me sound closed minded.
And not because they have a much higher responsibility? As a CEO, it is your job to make sure a company makes a profit (unless you are a nonprofit, I guess you have some other goal you need to achieve). That is what you a pay a CEO to do. I assume you would pay more for someone who is able to turn a higher profit.