4 ms·
Please re-read my comments. I am not against corporations (for-profit or non-profit), however I don't think we can simply say there is no profit motive in non-p
by anon291 3y ago
Please re-read my comments. I am not against corporations (for-profit or non-profit), however I don't think we can simply say there is no profit motive in non-profits simply because there are no shareholders. I'm arguing that executive compensation is a form of profit and that -- contrary to what they are held up to be -- non-profits often suffer from an even more personal form of greed than for-profits. As I said above, for-profit entities are at least nominally forced to look out for the profit of the CEO + the shareholders, whereas non-profits are incentivized to look after just the CEO's compensation.
In no way does this mean no non-profit should ever pay someone well.