Harsh Publicity on Nonprofit CEO Pay Misses the Full Story
Listening to NPR on our drive to work this morning, we heard a report that a study by the Chronicle of Philanthropy showed CEO salaries at nonprofits up 7 last year. The reporter cited some of the highest earners, notably $2.1M for the head of the New York City Museum of Modern Art. In fairness, NPR’s website notes that the Chronicle itself pointed out that many of the increases came before the economic downturn, and that 1/3 of the reporting organizations stated that their CEOs are getting a pay cut. But if that was mentioned on the radio report, we missed it while paying attention to the traffic. Interestingly, the Chronicle’s web site posting leads off with the news about the pay cuts.
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