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I guess fat cat is a relative term. How much does a chief anesthesiologist make regardless of which hospital they work for? This sounds like a red herring as those astronomical salaries don't approach those of their professional peers. I'm an artist and was a member of a professional company (non-profit), my income was taxed, my employers income was taxed. I'm not sure I understand the argument? Or is this one of those, well you chose to be an artist so you are expected to starve?

Or is this one of those, well you chose to be an artist so you are expected to starve?

She's talking about CEOs of non-profits that are overpaid, are you the poor starving CEO of a non-profit.

I agree with the original poster. The fact that they are a non-profit organization does not mean they are easier to manage, and these companies compete with for-profit groups over the same talent pool. Surely you aren't suggesting that enthusiastic amateurs should be running these shows?

That said, I also agree with Jill: if you think management makes too much, don't donate money to them. I also agree that comparing salaries to the Supreme Court justices is useless, since in my opinion those positions (and several others in government) are grossly underpaid.

The average CEO is grossly overpaid. They simply aren't worth 270 times the guy at the bottom. It comes back to a system that allows an inequality of pay that is unnecessary and unfair. A CEO shouldn't get more that 17 times what the lowest paid full time employee receives. If the CEO makes a million the lowest wage should be approximately 60,000.

The average CEO is grossly overpaid. They simply aren't worth 270 times the guy at the bottom.

I agree they aren’t worth that much. But even the news story you cite doesn’t support the assertion that the average CEO makes that much. That does seem to be Ms. Blumner’s thesis, but she only backs it up with three examples, and the following “evidence”:

Pay packages of over $1 million for nonprofit hospital CEOs in the Tampa Bay area are not atypical.

An annual survey by Professionals for Nonprofits found that, in New York City, charities with the largest budgets are paying their CEOs between $280,000 and $350,000 without counting benefits.

First, it is unclear precisely what is meant by “not atypical”. Second, in my opinion, 280k-350k is not at all too much.

The examples she does give are valid. I was amused at the one who made $3.3 million who got $36,995 “for a car allowance and other sundries”. If I made that much, I think I could take care of the car thing.

It comes back to a system that allows an inequality of pay that is unnecessary and unfair.

I just wish I could figure the system out. When Carly Fiorina was given $21 million dollars for nearly driving HP into the ground, I wanted to take out an ad saying that I could do the same thing for half that amount.

A CEO shouldn't get more that 17 times what the lowest paid full time employee receives. If the CEO makes a million the lowest wage should be approximately 60,000.

Where does the number 17 come from? I don’t mean to sound contentious, especially since it sounds about right to me. You state it with some authority, and I’m curious about where you got it.

Where does the number 17 come from? I don’t mean to sound contentious, especially since it sounds about right to me. You state it with some authority, and I’m curious about where you got it.

I pulled it out of my ass and it sounded about right so I've been using it ever since that day. Actually, I believe it was going rate in Japan some twenty or thirty years ago, it may still be. I read it somewhere before the internet so it must be true :+)

I'd say someone that makes over $1m a year is a fat cat. I don't know if the Supreme Court Justice is the proper measurement of pay but these salaries are genuinely ridiculous. I do check out the ratings of the non-profits I give to. I think Charity Navigator also gives you the CEOs salaries.

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