CEO Compensation Reasonable?
Definitely. Why? This CEO is running a HUGE business. Yes, it’s a non-profit, but it’s also a first-class hospital. As with most things, you get what you pay for. And while several commenters here have said they’d do the CEO’s job for $100,000 or $75,000, they seem to misunderstand that a talented CEO actually has specific skills/experience/connections– QUALIFICATIONS. Yes, $20 million for a bank CEO as banks are tanking seems out of line. BUT, $400,000 for someone who’s doing a good job serving needy kids and helping fund the cure for scores of childhood illnesses (Jude’s led cures for about half of childhood cancers over the last thirty years)? Seems worth it to me. I lost my brother to cancer almost twenty years ago, and ever since I’ve started earning some $$$, I’ve been giving regularly to St. Jude’s. I hope you will, too.
