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.
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