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That’s a good question. I think it’s one of the few ways to convert labor to (meaningful) capital, comparable to being a founder or early employee. The CEO of
by closeparen 6y ago
That’s a good question. I think it’s one of the few ways to convert labor to (meaningful) capital, comparable to being a founder or early employee.
The CEO of a nonprofit may be a well paid associate, but he is still just an associate. The kind of excess revenue that would flow to a partner’s profit sharing check has to be reinvested in the mission instead of disbursed to somebody in cash just because.
- bradleyjg 6y agoDoes it? I know hospital system CEO’s get performance pay. Maybe if the numbers were sufficiently egregious and a newspaper (if a local one still exists) decided to do an expose the attorney general would intervene but I think in general some of these non profits are better modeled as perpetual partnerships run for the benefit of partners than they are as mission driven organizations.
- closeparen 6y agoPerformance with respect to what goals?
- bradleyjg 6y agoProfit or close proxies for profit.