by pam ashlund
How did I wander into this strange land where nonprofit executive salaries over $200,000 may be considered excessive?
In 2004, the median nonprofit CEO salary was $291,356 (keep in mind that these were in the mid-range salaries):
As nonprofit leaders we must perform our due diligence and consider the reasonableness of these for-profit sector salaries. Hmmmm. Let's start with a peak at the AFL-CIO’s “Executive Pay Watch”:
- Alan G. Lafley, of Procter & Gamble earned $ 24,620,600;
- Kenneth I. Chenault American Express earned $ 23,619,693;
- Charles O. Prince of Citigroup Inc. $ 22,994,729;
- William B. Harrison of JPMorgan Chase & Co. earned $ 22,338,815;
- Kenneth D. Lewis of Bank of America earned $ 22,027,984.
Compare these to your salary!
 Chronicle of Philanthropy, September 30, 2004 Executive Pay Rises Modestly “Trend could continue as IRS increases scrutiny” by Ben Gose
Technorati Tags: Excessive Compensation, Newspeak, Nonprofit