Re:Golden parachutes: Record severance payments at Wikimedia...
by darth_avocado on Monday May 22, 2023 @11:55AM
(#36033051)
Getting people market rate is fair, but that’s
1. for regular employees.
2. Assuming market rate is fair and not minimum wage
There is no reason executive pay needs to follow market rate dynamics at a non profit. Otherwise you’ll have underpaid and free labor while executives milk the cow at 100x median pay rates and generous golden parachutes.
Re:Golden parachutes: Record severance payments at Wikimedia...
by AdamN on Wednesday May 24, 2023 @09:54AM
(#36058099)
Maybe at the $10MM scale I'd agree but even CEOs of Fortune 500 companies rarely make that much unless they are founders or hit all their targets over many years in a row.
1. for regular employees. 2. Assuming market rate is fair and not minimum wage
There is no reason executive pay needs to follow market rate dynamics at a non profit. Otherwise you’ll have underpaid and free labor while executives milk the cow at 100x median pay rates and generous golden parachutes.