June 13, 2010
Charities Shouldn’t Follow Lead of Businesses in Setting Compensation for CEO’s
As the economy improves, the salaries of nonprofit chief executives will probably continue to soar.
A growing number of people argue that the skyrocketing compensation is a good trend, a sign that salaries are now being set by the marketplace, just as they are in corporate America.
One of the most vocal proponents today of this belief is Dan Pallotta, whose book, Uncharitable, calls for the loosening of financial restraints on nonprofit compensation.
But that
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