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Does that extend to the staff or do you just have some weird hangup about collective groups? Because you know NGOs often pay their CEOs huge salaries, well beyo
by qcnguy 1y ago
Does that extend to the staff or do you just have some weird hangup about collective groups? Because you know NGOs often pay their CEOs huge salaries, well beyond what they need to survive. It's all profit.
- Dumblydorr 1y agoSeems like a non-sequitur. How are you addressing the perverse incentive? Yes CEOs get paid too much, yes workers get paid, there’s no “weird hang up” in the parent comment. It’s just logical that if our country believes as a founding principle in life, then don’t let money and profit get in the way of life.
- insane_dreamer 1y agoEven if non-profit groups are paying high salaries (usually to retain talent), it's very different than profits going to shareholders. The purpose of a _for-profit_ company is to deliver returns to its shareholders. Therefore, decisions are inherently biased towards increasing that value as much as possible. Whereas the purpose of a non-profit is not to pay high salaries to its CEOs, and therefore decisions aren't biased towards that, nor does the CEO's salary grow relative to the hospital's growth. (The hospital increasing its profit margin by 15% doesn't mean the CEO's salary goes up by 15% -- whereas it would mean that shareholder value increases by 15%.)
- lenkite 1y agoJust enforce a limit on the CEO salary (and bonus) not exceeding a multiplier of your lowest wage employee.
- EnergyAmy 1y agoNot quite that simple because then the lowest wage employees will get spun out into a shell company that contracts to the main company.