Tag Archives: Lake Wobegon Effect

Nice Work If You Can Get It

[This post was later published, with some small adjustments, as an op-ed for Inside Philanthropy on May 3, 2016.]

Presidents of large private foundations get paid too much.

I don’t say that out of envy. (Not entirely, anyway.) I say that because by objective standards CEOs of private foundation receive disproportionately large salaries given the relative simplicity of their jobs. Continue reading

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CEOs, and Everyone Else

A recent article in the Boston Globe about the generous perks major Massachusetts nonprofits are providing to their CEOs has stirred up debate once more about proper compensation and incentives for charitable executives.

Some of the perks are wildly generous. The Museum of Science pays the college tuition for its president’s two children. The director of the Museum of Fine Arts receives a $60,000 housing allowance every year, on top of his $900,000+ salary. Several organizations provide generous entertainment allowances, dues at exclusive private clubs, free travel for spouses, fancy cars, and retention bonuses. Continue reading

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