4 ms·

Have you actually looked up what how much a blood bank CEO makes? Is it a lot? Edit: I just did a bit of research and didn't come up with a lot. I found this e

Have you actually looked up what how much a blood bank CEO makes? Is it a lot? Edit: I just did a bit of research and didn't come up with a lot. I found this example [1] where the CEO's total compensation is $414k. That doesn't seem all that high... [1]:https://givefreely.com/charity-directory/nonprofit/ein-570660489/ https://givefreely.com/charity-directory/nonprofit/ein-57066...

boesboes 1y ago
Well, not in the us. here that is considered an unenthical amount for a semi-public servant. In 2011 they made 260k€, which was at then time about 50% more then our prime minister made. Which is used as a norm to limit how much you are allowed to make when working for public services.
- Permit 1y ago
  Is it enough to have three houses and a car collection as you previously stated?
  - skrebbel 1y ago
    Pretty close? Like 80k for your regular living expenses leaves you 180k/y in savings. That's a nice holiday house in France every few years. I mean to really get to a mansion and multiple holiday houses and a bunch of fancy cars you need to work the job for like 15 years, but still. In NL (where I think GP is from) earning that kind of money qualifies you as "seriously rich". Even more so if the salary got inflation-adjusted since 2011.
    - kortilla 1y ago
      Does your country not have taxes? Progressive taxation eats a lot of that quickly and all of the tax benefits of home ownership aren’t available for secondary homes. Additionally, vacation homes in desirable vacation places cost even more than normal homes. Someone making 3x a normal salary is not excessive by any means.
keybored 1y ago
> That doesn't seem all that high... Maybe not that high by SC/HN standards.
delfinom 1y ago
That's nothing. In NY, the "non-profit", "New York Blood Center" has a monopoly on blood harvesting, even the Red Cross has no blood drives here as a result. Their CEO makes $3 million, most of their executives above $400k. https://projects.propublica.org/nonprofits/organizations/131949477 https://projects.propublica.org/nonprofits/organizations/131... (look under Compensation) Fuck this shit. They also award them bonuses. They are so bloated that they invest in PE funds with their spare cash.
- treis 1y ago
  I interviewed at a place that made the software to track blood as it moved around. It's a regulated thing to make sure that the blood stays cold and that they can track who donated. Anyways, the point is that the guy who interviewed me casually mentioned that the PE firm bought up companies until they controlled 90% of the market. I'm sure they're making bank off blood as well.
GuinansEyebrows 1y ago
I need to shout into the HN void that, yes, $414k is a very high compensation.
- marbro 1y ago
  [dead]
- pinkmuffinere 1y ago
  The CEO of a blood bank likely has the skills and connections to be a CEO of many other for-profit companies, where they would make much more than $414k. Intermediate FAANG employees are paid more. I’m perfectly happy that this person gets $414k for their role in _saving lives_.
  - GuinansEyebrows 1y ago
    I’m not convinced that any CEO is worth what we generally expect they be paid.
    - pinkmuffinere 1y ago
      Emotionally I agree — what could these people be doing to uniquely add millions of dollars of value? However, the fact that they aren’t replaced with cheaper options is (imo) pretty good evidence that they are uniquely worth that pay. If there was a cheaper option, the board of directors would replace the CEO, and enrich themselves and other shareholders with the saved money. Either way, that’s kindof disconnected for the CEO of this bloodbank. Their opportunity cost is quite high. They choose to work for comparatively low pay, but have a positive impact on the world.
      - GuinansEyebrows 1y ago
        i think i understand where you're coming from, but i think you're begging the question a little bit (ie, ceo pay is high because it is high). i do think it's more likely that the executive class has a vested interest in keeping their own pay high (not just CEOs, but board members as you've mentioned), and they've got a lot more class solidarity than the rest of us, though they'd never put it that way - it's just The Way Of Things, you know? divide and conquer. i should maybe mention that i'm a public employee and my "opportunity cost" is also relatively high, but... hell is hot, and i want to be able to sleep at night.

boesboes 1y ago

Well, not in the us. here that is considered an unenthical amount for a semi-public servant. In 2011 they made 260k€, which was at then time about 50% more then our prime minister made. Which is used as a norm to limit how much you are allowed to make when working for public services.

Permit 1y ago
Is it enough to have three houses and a car collection as you previously stated?
- skrebbel 1y ago
  Pretty close? Like 80k for your regular living expenses leaves you 180k/y in savings. That's a nice holiday house in France every few years. I mean to really get to a mansion and multiple holiday houses and a bunch of fancy cars you need to work the job for like 15 years, but still. In NL (where I think GP is from) earning that kind of money qualifies you as "seriously rich". Even more so if the salary got inflation-adjusted since 2011.
  - kortilla 1y ago
    Does your country not have taxes? Progressive taxation eats a lot of that quickly and all of the tax benefits of home ownership aren’t available for secondary homes. Additionally, vacation homes in desirable vacation places cost even more than normal homes. Someone making 3x a normal salary is not excessive by any means.

keybored 1y ago

> That doesn't seem all that high... Maybe not that high by SC/HN standards.

delfinom 1y ago

That's nothing. In NY, the "non-profit", "New York Blood Center" has a monopoly on blood harvesting, even the Red Cross has no blood drives here as a result. Their CEO makes $3 million, most of their executives above $400k. https://projects.propublica.org/nonprofits/organizations/131949477 https://projects.propublica.org/nonprofits/organizations/131... (look under Compensation) Fuck this shit. They also award them bonuses. They are so bloated that they invest in PE funds with their spare cash.

treis 1y ago
I interviewed at a place that made the software to track blood as it moved around. It's a regulated thing to make sure that the blood stays cold and that they can track who donated. Anyways, the point is that the guy who interviewed me casually mentioned that the PE firm bought up companies until they controlled 90% of the market. I'm sure they're making bank off blood as well.

GuinansEyebrows 1y ago

I need to shout into the HN void that, yes, $414k is a very high compensation.

marbro 1y ago
[dead]
pinkmuffinere 1y ago
The CEO of a blood bank likely has the skills and connections to be a CEO of many other for-profit companies, where they would make much more than $414k. Intermediate FAANG employees are paid more. I’m perfectly happy that this person gets $414k for their role in _saving lives_.
- GuinansEyebrows 1y ago
  I’m not convinced that any CEO is worth what we generally expect they be paid.
  - pinkmuffinere 1y ago
    Emotionally I agree — what could these people be doing to uniquely add millions of dollars of value? However, the fact that they aren’t replaced with cheaper options is (imo) pretty good evidence that they are uniquely worth that pay. If there was a cheaper option, the board of directors would replace the CEO, and enrich themselves and other shareholders with the saved money. Either way, that’s kindof disconnected for the CEO of this bloodbank. Their opportunity cost is quite high. They choose to work for comparatively low pay, but have a positive impact on the world.
    - GuinansEyebrows 1y ago
      i think i understand where you're coming from, but i think you're begging the question a little bit (ie, ceo pay is high because it is high). i do think it's more likely that the executive class has a vested interest in keeping their own pay high (not just CEOs, but board members as you've mentioned), and they've got a lot more class solidarity than the rest of us, though they'd never put it that way - it's just The Way Of Things, you know? divide and conquer. i should maybe mention that i'm a public employee and my "opportunity cost" is also relatively high, but... hell is hot, and i want to be able to sleep at night.