September 16, 2012
Some Boards Are Changing the Way They Pay Their CEO to Avoid Unwelcome Scrutiny
Roxanne Spillett’s pay drew critics during her tenure as leader of the Boys & Girls Clubs of America.
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Roxanne Spillett’s pay drew critics during her tenure as leader of the Boys & Girls Clubs of America.
Under the arcane rules for reporting the salaries of nonprofit executives, Roxanne Spillett took a big pay cut and still ended up in 2011, her final year at the helm of the Boys & Girls Clubs of America, with a pay package totaling $1,814,593.
At a time when the public and state regulators—not to mention the Internal Revenue Service—are casting an ever more skeptical eye toward big payouts for charity leaders, some boards are revamping the way they structure packages
