logo
    • Magazine
    • Membership
    • Donate
  • Racial Justice
  • Economic Justice
    • Collections
  • Climate Justice
  • Health Justice
  • Leadership
  • CONTENT TYPES
  • Subscribe
  • Webinars
    • Upcoming Webinars
    • Complimentary Webinars
    • Premium On-Demand Webinars
  • Membership
  • Submissions

Nonprofit Newswire | Nonprofits More like Business? USOC’s Executive Compensation

Ruth McCambridge
May 18, 2010
Share
Tweet
Share
Email
Print

May 17, 2010; Source: ChicagoBreakingSports.com | Stephanie Streeter managed to get a lot done in her short tenure as CEO of the United States Olympic Committee. Among other things, the former printing company exec “alienated nearly every USOC constituency soon after moving from the USOC’s volunteer board of directors to a job for which she was painfully ill-suited.”

Streeter opted out of the job after ten months amid calls for her ouster but still managed to net slightly more than $1 million in compensation. Although Streeter’s base salary was a mere $401,000 she was given a bonus (?!) of $558,000 . . . for a job well done? When she was hired there were protests even about her base salary but the chair of USOC’s board defended it by pointing to her valuable experience in dealing with the complexities and challenges of the corporate world. This experience proved insufficient and observers seem to believe her weakness was in her inability to create the relationships necessary to get the job done.

Sign up for our free newsletters

Subscribe to NPQ's newsletters to have our top stories delivered directly to your inbox.

By signing up, you agree to our privacy policy and terms of use, and to receive messages from NPQ and our partners.

We recognize that this practice of awarding bonuses to the disastrously underperforming or to those who lay waste to an endeavor or its clients is the way business gets done in some large corporations but we are the first to admit, we don’t get the rationale. Maybe we need to go for that MBA after all.—Ruth McCambridge

Share
Tweet
Share
Email
Print
About the author
Ruth McCambridge

Ruth is Editor Emerita of the Nonprofit Quarterly. Her background includes forty-five years of experience in nonprofits, primarily in organizations that mix grassroots community work with policy change. Beginning in the mid-1980s, Ruth spent a decade at the Boston Foundation, developing and implementing capacity building programs and advocating for grantmaking attention to constituent involvement.

More about: Nonprofit News

Become a member

Support independent journalism and knowledge creation for civil society. Become a member of Nonprofit Quarterly.

Members receive unlimited access to our archived and upcoming digital content. NPQ is the leading journal in the nonprofit sector written by social change experts. Gain access to our exclusive library of online courses led by thought leaders and educators providing contextualized information to help nonprofit practitioners make sense of changing conditions and improve infra-structure in their organizations.

Join Today
logo logo logo logo logo
See comments

Spring-2023-sidebar-subscribe
You might also like
5 Land Defense Protests Around the World
Iris Crawford
Turning Toward EV Frontline Communities
Katherine Leah Pace
Muslim Women Are Reclaiming The Narrative
Anmol Irfan
How Policy Is Building a Social Economy in South Korea
Minsun Ji
Nonprofits and Movements: How Do the Two Relate?
Steve Dubb
Human-Centered Design for Behavioral Health
Sonia Sarkar

NPQ Webinars

April 27th, 2 pm ET

Liberatory Decision-Making

How to Facilitate and Engage in Healthy Decision-making Processes

Register Now
You might also like
AOC’s “Tax the Rich” Dress Dazzles Met Gala, while...
Anastasia Reesa Tomkin
Foundation Giving Numbers for 2020 Show 15 Percent Increase
Steve Dubb
Strike MoMA Imagines Art Museums without Billionaires
Tessa Crisman

Like what you see?

Subscribe to the NPQ newsletter to have our top stories delivered directly to your inbox.

See our newsletters

By signing up, you agree to our privacy policy and terms of use, and to receive messages from NPQ and our partners.

NPQ-Spring-2023-cover

Independent & in your mailbox.

Subscribe today and get a full year of NPQ for just $59.

subscribe
  • About
  • Contact
  • Advertise
  • Copyright
  • Careers

We are using cookies to give you the best experience on our website.

 

Non Profit News | Nonprofit Quarterly
Powered by  GDPR Cookie Compliance
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.

Strictly Necessary Cookies

Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.

If you disable this cookie, we will not be able to save your preferences. This means that every time you visit this website you will need to enable or disable cookies again.