Forbes Magazine on Nonprofit CEO Salaries
Forbes Magazine – usually, in our estimation, a pretty good business journal – recently published an article that’s one of the more extreme examples of the mindset that “people who work for nonprofits should be paid less that those who work for for-profits” or perhaps “it’s inherently wrong for a nonprofit CEO to make a significant income.” The article lists some nonprofit CEOs and their incomes, as if the dollar amounts were sufficient to establish the incomes as “unreasonable.” We could point out all the problems with the article but the comments on the on-line posting do that pretty thoroughly. The real question is not whether this article and others like it are well written or not, but rather whether the attention that CEO salaries have attracted since the recession began last year will ultimately manifest itself in new regulations on nonprofit compensation. For that, it’s more important to pay attention to pronouncments from Congress and from key people at the IRS, as reported in many of our earlier posts. We will, as always, monitor those closely and report regularly to our readers.
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