October 1, 2009
Gates Chief Leads Foundation CEO's in Pay
After paying its chief executive no salary for about a decade, the Bill & Melinda Gates Foundation is providing its new leader almost $1-million a year, the largest compensation for a chief executive among the 49 private foundations in The Chronicle's survey.
The new Gates leader, Jeffrey S. Raikes, joined the Seattle grant maker in September 2008 and earned $315,403 last year. His annualized salary is $990,000.
The previous chief executive, Patricia Q.
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