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Monday, September 25, 2006
Munitz lost quite a salary
LA Times: "Before Barry Munitz was toppled from leadership of the J. Paul Getty Trust in February, a new study has found, his compensation placed him fifth among the highest-paid nonprofit leaders in the country."
2 comments:
Anonymous
said...
Wow...that seems a little off to me. I never understood how a NFP organization could stand to pay and give perks like that to its excutives. I mean, I would take the money, but if my theater was failing, I would give some back. There is a reason we are in NFP. The pay is not the goal, it is the work and the art and through this we are rewarded.
I always have to wonder how top executives at any company manage to justify that level of compensation. Given the additional taxes and such that the employing company has to pay, Mr. Munitz should have to be able to somehow demostrate that he brings about $1.2 million of income to the company, at a minimum. What's always been interesting to me is that sort of analysis is often done with lower-level personel, but is never really mentioned for the top echelon.
2 comments:
Wow...that seems a little off to me. I never understood how a NFP organization could stand to pay and give perks like that to its excutives. I mean, I would take the money, but if my theater was failing, I would give some back. There is a reason we are in NFP. The pay is not the goal, it is the work and the art and through this we are rewarded.
- Julie
I always have to wonder how top executives at any company manage to justify that level of compensation. Given the additional taxes and such that the employing company has to pay, Mr. Munitz should have to be able to somehow demostrate that he brings about $1.2 million of income to the company, at a minimum. What's always been interesting to me is that sort of analysis is often done with lower-level personel, but is never really mentioned for the top echelon.
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