The numbers appear and are BIG! According to the Dayton Daily News, the retiring CEO of the Dayton Hospice got a $1.3 million (incentive) deferred compensation payout for her departure. She also got her paycheck which is $318,246 plus a bonus of $62,246.
Whoa, or is it a whoa? Clearly this one percenter got a lot of money but is that the issue -- it's a really large sum of money? Right answer: yes, it's just sticker shock and this CEO did a whole lot to earn her check. After all, she kept her hospice from being eaten by the for-profits (it's a quality of care issue) and she made this hospice worth $59 million (net assets). What more could a board want and that's what the Dayton Hospice board says. And when a board sets compensation, they are mindful of what everyone else will be saying and of what they determine is justified.
So, should we be up in arms that there are jobs at nonprofits that put people in the 1%? Not at all, would that more of us were there. This example is about someone who did what she said she would do and she should be rewarded.
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