October 1, 2009
CEO Pay Grew Last Year, but a Slowdown Expected
Compensation rose by a median of 7% in 2008; many leaders take salary cuts, Chronicle study finds
Associated Press
Jeffrey S. Raikes, chief executive officer of the Bill & Melinda Gates Foundation in Seattle.
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Associated Press
Jeffrey S. Raikes, chief executive officer of the Bill & Melinda Gates Foundation in Seattle.
The steady rise in compensation that charity and foundation executives enjoyed for more than a decade may have hit a plateau.
In the 17 years that The Chronicle has tallied salary increases for leaders of the nation's biggest nonprofit organizations, compensation for chief executives at charities and foundations has kept up with inflation, and in many years their raises have left the inflation rate in the dust.
For example, in this year's survey, which measures
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