February 8, 2007
Skyrocketing CEO Pay Raises Questions for Charities
The New York Public Library gave hefty salary increases to its president, Paul LeClerc, and several other top officers last year. At the same time, financial troubles necessitated other budget-saving moves, including cutbacks in its tuition-assistance program for employees.
Although the library receives substantial government money, it provided little information to the donors or the rest of the public about the compensation packages given to its senior-ranking leaders or the reasons
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