April 29, 2004
Excessive Executive Compensation Needs to Be Stemmed
Fast-spiraling salaries have become the norm for top officials of large foundations -- and a growing number of executives seem to see fat paychecks as an entitlement. This corporatelike pay structure is beginning to undermine the integrity of major foundations and public confidence in them, as well as in the small foundations that mimic their big sisters' grandiose spending habits.
Nothing could have made it clearer that chief executives and their boards believe a high salary is
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