The recent revelation that the CEO of a charity organisation is paid $600,000 a year came as a shock to ordinary donors. FHis salary is equivalent to about 20 employees.
Is the pay too excessive? The reporter asked the patron of the organisation.
She said it's peanut when compared to the reserve of the organisation.
Ah, what an insight! So, should the CEO's salary could be justify based on the amount of money that the company brings in?
This logic has a familiar tone. Because many years back, someone justified the high pay for the politicians. He said what is a few millions for the cabinet compared to the billions that the economy generated, as a result of their capable leadership.
As they say, if you pay peanuts, you get monkeys.
The question of the day is, "How much is too much for a CEO's salary, who is working for a not-for-profit or charitable organisation?"
Wednesday, July 13, 2005
The Salary of the CEO
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