An Ahoy Moment

In the early years after Alexander Graham Bell’s big discovery, people couldn’t agree on how to respond when the telephone rang. About half the people said, “Hello!” (That was the option pushed by Thomas Edison.) About half the people would say, “Ahoy!” (That was...

Getting Paid — Part II

As I said in my last post, a nonprofit CEO has a challenging job. CEOs need to receive fair compensation. But there are limits. The greatest challenge for CEOs is balancing external forces with internal needs. If a private school overestimates how many tuition-paying...

Getting Paid — Part I

Let’s talk about nonprofit salaries. The greatest expenditure by most nonprofits is for staff salaries, which makes sense: a nonprofit typically doesn’t produce goods, as a manufacturer does, but services, and those services are usually provided by paid staff members....