I was planning to donate the couple bucks I had left over from the year to the charity called “San Diego Zoo Wildlife Alliance”, I was doing a background check on CharityNavigator and they gave the charity full ratings so it seemed good.
Then I stumbled upon the salary section. What the fuck? I earn <20k a year and was planning to contribute to someone’s million dollar salary? WHAT.
This is more of a system issue than bad behavior of an individual charity.
Charities can underpay a little bit, because working for a charity has its own appeal. But if you want a talented, experienced person to run your org, you have to consider what they could make if they worked for someone else. San Diego is not a cheap city, and has its fair share of CEO positions.
If you really want to stretch your dollar though, local food banks are probably a better bet.
I’m not living in america. In my country this really isn’t a thing. Most charities have a sort of “everyone gets the same salary” policy which is usually around the median salary in the country.
This charity was just running a cool project I wanted to donate too. I dont care what the american system is like, no one deserves 1 million a year while there are people starving.
Well I’m going to give to another charity obviously.
Because I don’t want half my donation to go towards massive salaries.
Right?
People complain but then they rarely put there money where there mouth is.
Yeah, it’s a tough call to make. It’s like those car donation things. Like 90% of your car’s value goes to the company managing the sale, but that’s still 10% to the charity that they wouldn’t have anyway. Unless you want to deal with selling your own car, and giving the charity the money, it still does some good.
I suspect a $1M salary isn’t too insane for a CEO if they bring tangible value to the company. Also, with a lack of shareholders to answer to like in a publicly traded company, their motivations probably align with the cause they’re supporting. It’s not like they’re going to sell off a shitload of assets to bump stock price and escape with a golden parachute.
Talent and experience isn’t that rare. Nor does executive compensation correlate with performance.
Whether it does or not is irrelevant; what matters is the perception among executives that it does.
givewell.org ranks charities by their ‘efficiency’ in multiple categories and offers funds for bundled donation according to their constantly updated ranking. Its really cool for finding reputable charities if you are worried about your money going where it is needed.
I always hear this argument, and it seems like straight up CEO propaganda. I remember how failing businesses HAVE TO hire multi million dollar CEOs and fire employees becuase how else will they get good leadership!
Motherfucker, your previous CEO also had the same salary and sent you into bankruptcy.
There is a market reason for doing that. If not there competition would’ve hired the budget CEO.
Just wait until you learn how much the US president makes. We should really be outsourcing government officials.
The the amount of work and responsibilities the presidency is actually waaay underpaid. CEOs on the other hand get paid like they run the world, while in reality they are just sucking dick.
No, a company definitely doesn’t have to pay their CEOs generously, and not all do. The median pay for a CEO is actually about 250k/yr.
https://www.bls.gov/oes/2023/may/oes111011.htm
Though if we just look at CEOs from S&P 500 companies, that jumps up to 16 million. There’s going to be a lot of factors involved, from the size of the company to the cost of living in the area. A CEO in San Francisco is probably going to make a lot more than one in Milwaukee.
It’s less propaganda and more just understanding how the capitalist system is intended to function. It applies to other jobs as well, a software engineer can make quite a wide range of pay, depending on who they work for. Then they can also get increased pay for advancing up the ranks of their organization, as promotions often involve raises.
But if you want a talented, experienced person to run your org, you have to consider what they could make if they worked for someone else.
That’s such bullshit reasoning. They make more than 99.9% of people. I get that not everyone is great, but you are saying 99.9% of people are all talentless hacks that couldn’t do a decent enough job to the extent that the salary savings would be worth it?
Guess my civil engineering degree and 18 years of experience is a worthless pile of shit.
Hypothetically, if you were looking at two civil engineering jobs, and one paid 100k/yr, and another paid 200k/yr, which would you pick?
Would it matter much if any of the construction guys doing the actually construction of your projects made 50k/yr? Are they less talented than you for that?
It’s not so much about “talentless hacks” vs “a decent job” as trying to entice the best person you can afford.
Depends on the job. But I make less than both those numbers. And the construction journeymen make more than me, actually.
Yes, they make less because they are less talented. I completely disagree with your assertion that these executives are more talented. I have yet to meet a business major that wasn’t an absolute moron.
What evidence do you have they are more qualified, besides some paradoxical “they must be because they are in the position” reasoning.?
