4 ms·

Why wouldn't you need a CEO? Manage $1B by committee?

• bawolff 6y ago
  Endowments are usually managed by comittee, so yes. However, if it becomes a more volunteer based organization, you tend to pay people in conferences and other infrastructure. Which is a very different type of thing. You still probably need someone to manage that, but its very different from being a CEO
  • fierarul 6y ago
    So you replace 1 CEO with a committee of 6 people and save how much money?
    • bronson 6y ago
      If you pay each committee member $400_000/year, you’ll save $100_000/year. Sounds like a good move to me.