Wednesday, July 10, 2019

EGREGIOUS MUCH?

Yes. I'm the guy who railed long and hard against the egregious compensation paid to the JFNA CEO over his terms -- egregious in the absolute and, perhaps worse, in the relative sense when placed in the context of failure. And readers of this Blog know the main reason for my screed -- JFNA's lay leaders determined -- and quickly -- that Jerry could not manage the operation, took those management responsibilities from him, yet paid him as if he were still performing all of the roles for which he was hired, not half of them...or even fewer.

Then one of you sent me a massive non-profit Salaries Review -- and I found something worse -- if JFNA's CEO's  salary has been egregious; there is another that is EGREGIOUS.

Understand, please, I know how hard communal CEOs work. They are on the job 24/6; always on call. Over the decades I have watched so many of them holding their communities together at the most difficult of times. I have been privileges to work with so many that I hold in the highest regard and others whom I have visited in good times and bad. Most are, in reality, under-compensated. Then, there is this...

Yes, there was that now "retired" JDC CEO who was paid close to $1 million and the $800,000 (+) paid his colleague at JDC-Brookdale, lower case egregious, but then there it was, in 2017 (I believe, maybe 2018, it matters not) the CEO of the ADL was paid $994,800.

Now, it is possible that the Survey got it wrong but comparing the ADL number to others in the survey we know are correct, probably not. Trying to find a current ADL 990 proved impossible; it's most "current" and available IRS filing dates back to 2016 (the most recent JFNA 990, as an example, reports through June 30, 2017). 

I have been an advocate for compensation appropriate to accomplishment, to the complexity of the position and to the market. The ADL CEO's compensation is disproportionate to any and all of those criteria. 

$994,800. Oh, my.

Rwexler




1 comment:

  1. Your assumption that these particular CEOs are over compensated flies in the face of our shared values of democracy.

    These CEOs are entitled to every dollar they convince their board to pay them.

    The CEO manipulates the board to surround himself with sycophants. They vote yeah.

    It’s not corrupt, it’s just jungle capitalism in the realm of a not for profit environment.

    It’s our job to convince the board they are wrong.

    Stop writing checks to organizations that are not in touch with their donors and supporters.

    Learn from the professional philanthropists.

    Just stop.

    ReplyDelete