Few nonprofits are so regularly scrutinized for their budget choices as New York City’s Metropolitan Museum of Art. Sometimes reporters get the wrong end of the stick, but the public dialogue around the institution may be driving its increased attendance.
When asked about the CEO’s salary, which appears to be roughly three times a comparable position brings in, a board member responded that such things were not his concern. The IRS, of course, thinks otherwise.
Last year, we wrote a newswire about the trustees of Tampa General Hospital, who voted to pay themselves for board service at the healthy rate of $15,000 to $30,000 a year. Their decision to do so, they said, came only after a compensation consultant, there to do a periodic review of salary levels, suggested there was a “small but growing trend” in the direction of paying trustees. At the time, we said we would like to see the research on that. Turns out there is no such research, nor is there evidence that paying board members makes for a better institution, notwithstanding the bleatings of NANOE. Yet, some would still have you believe they are part of a growing movement.
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