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| Name: |
Barneget
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| Subject: |
WV Senator Jay Rockefeller(D)just keeps on giving
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Date:
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11/23/2010 7:23:42 PM
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Last week, he stated that he wished the FCC would shut down both Fox and MSNBC, blaming them both for the political toxicity in Washington. He seems to have forgotten a couple of points, first being our Bill of Rights, second that the FCC doesn't have cable regulatory authority. But then, to prove he is the voice of reason, he again voted to fund PBS, and its affiliates. Oh, he seems to have forgotten one more little detail -- his wife, Sharon Percy Rockefeller, is CEO at WETA, the Washington DC PBS affiliate, and her compensation last year was $447,166.00. I wonder if that taxpayer supported role is truly value added, or more like that VP for Community Outreach at a Chicago hospital receiving substantial taxpayer support, that for some odd reason, neglected to replace the position when the occupant relocated, with her husband, to 1600 Pennsylvania Avenue. The link is to the WETA Tax return, the detail mentioned is on page 35.
URL: http://www.weta.org/files/2008%20Form%20990.pdf
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| Name: |
GoneFishin
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| Subject: |
WV Senator Jay Rockefeller(D)just keeps on giving
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Date:
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11/23/2010 7:38:02 PM
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Sharon Percy is the daughter of the former Senator from IL REPUBLICAN Charles Percy. Jay is doing for his wife what I hope you would do for yours. You sound jealous that she is so successful. Now stop showing class envy.
I remember when her twin sister was found murdered.
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| Name: |
Barneget
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| Subject: |
WV Senator Jay Rockefeller(D)just keeps on giving
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Date:
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11/23/2010 7:52:38 PM
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I do some of the same for my wife now (no inherited wealth here, at least not enough to change our lifestyle), biggest difference is it is done with MY money. Maybe that's not so different as Rocky is doing it with my money(and yours, and yours, and yours ....). I remember Percy, not so familiar with the rest of the story.
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| Name: |
Yankee06
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| Subject: |
Charities and giving
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Date:
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11/23/2010 11:24:39 PM
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-Years ago I found out that many charities and fraternal organization and funds and etc., etc, ...pay what I consider exorbitant salaries. I remember in the 80's when a regional head of the Combined Federal Campaign (CFC) was found to be making #400,000/year (at that time, twice as much as the president of the US) with a $4 million retirement package...plus he had the CFC buy a condo for his girlfriend in Florida.
-Since then , I always check a charity's pay scales as best I can. In many cases it borders on the sinful what these people pay themselves out of contributions from giving people, ...many of whom make a real sarifice to send in a contribution.
-Granted you need some skills to run one of these organizations, ....but not that require $400,000 compensation.
-My rule of thumb is that teh nation pays an army general about $180,000 a year to train, deploy, and fight a division unit of 25,000 people, 6,000 vehicles, and 5 million tons of supplies, ..all while others are trying to kill him and his troops. I'm guessing being teh CEO of WETA is not quite as difficult.
-Private business where a CEO makes a profit is one thing; a charity or tax funded activity is quite another.
-If below URL works, it gives a look into general pay scales for charites. Any specific charity is easy to look up on the web.
URL: Click here to download a PDF copy of Charity Navigator’s complete 2010 CEO Compensation Study (223KB)
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| Name: |
4691
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| Subject: |
Charities and giving
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Date:
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11/24/2010 12:01:20 AM
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Yankee - the link you posted does not work for me. I stopped giving to charity organizations a few years ago. I did so because almost all are run by people who take way too much off the top to support their own inflated lifestyle. I give to my church which uses most of the money for local purposes. I also give to a couple of local charities which publish the CEO salaries which I consider reasonable. I recall a news story about five different gulf war veteran charities that paid their CEO's over $500K. Think of all the 5, 10, and 20 dollar donations it takes just to cover the cost of the executive salaries. If these people are so talented they should compete in private industry to earn the large salaries and not take it from the hands of the generous and out of the mouths of the needy. Now, if this opinion indicates that I suffer from class envy, so be it.
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| Name: |
water_watcher
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| Subject: |
Charities and giving
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Date:
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11/24/2010 7:16:04 AM
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So you want the wanabees running large not for profit organizations? I am sure that will help them grow and prosper. Why do you feel a not for profit organization needs less talented management than a for private company. They may have different challenges ... but you still need top tier management talent. A CEO with a total comp package of $500K is not excessive if it is a $300 million or greater not for profit. You get what you pay for ... so if you pay $100K, you will get individuals that can not make it in the private sector.
Abd BTW ... not for profit only means their mission is not geared toward maximizing profits ... but they still need to make a profit to be sustainable. So you need individuals that know how to do that ... and many times that means recruiting from the private sector for the right leadership and talent.
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| Name: |
Talullahhound
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| Subject: |
Charities and giving
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Date:
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11/24/2010 8:45:39 AM
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While I agree with you that the same management skills are needed to run a successful non-profit as to run a successful company, I'd like to remind you that not everyone is motivated by money (i.e., a big salary). Some people believe in what they are doing, which is more important to them than a bigger salary. It doesn't make them a loser who couldn't make it elsewhere.
Charitable organizations need to keep a lid on their Administrative costs. I like to donate to local organizations. Even better, I like to do random acts of kindness. It may not mean much in the overall scheme of things, but it makes a difference to that person and hopefully they pay it forward.
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| Name: |
water_watcher
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| Subject: |
Charities and giving
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Date:
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11/24/2010 9:16:42 AM
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I agree that money is not the only motivator .... but large not for profits do not always have the luxury of waiting for or finding that right person that is qualified and willing to do the job at much less when they are in need of good leadership talent.
Their best option is to seek out top level executives that may have retired or separated from a successful career in the private sector and are willing or looking to give back and do the job for 5 to 10 years. Depending on the area (like popular retirement communities), this works well. Some times they do not need a full time leader to be effective if they are good at creating a vision, setting a strategy and has strong leaders below them.
Not for profits have many options ... but sometimes large ones need to seek out top level talent to put them on the right course, and that may require paying for it ... which could be a very good investment.
My only point was that making a lot of money is not always a bad investment ... it may be the best one. That is part of the boards role to decide through a compensation committee. If they have a strong board, i trust they will make the right decision.
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| Name: |
4691
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| Subject: |
Charities and giving
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Date:
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11/24/2010 9:35:07 AM
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To clarify, I do agree market competitive salaries must be paid to those that run large “not-for-profit” organizations that really are complex businesses. For example, university systems and research labs. I do not agree that this applies to charities where the business is collecting from the average person giving dollars or goods that are intended to reach those in need. Some may argue that it takes a >$500K CEO to organize collecting $’s to buy comfort items that are packed in boxes and shipped to our soldiers. I disagree. That is why the research recommended by Yankee is so important to ensure the real benefit of your charitable donations are maximized.
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| Name: |
Tall Cotton
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| Subject: |
WV Senator Jay Rockefeller(D)just keeps on giving
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Date:
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11/24/2010 2:44:42 PM
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I believe the original two points were the hypocracy of asking for one side of the discussion to be shut down while providing tax dollar funding for the other side, and the personal benefit derived from funding your wife's salary with tax dollars. While he may be filthy rich, he still benefits. Whether Mrs. Rockefeller has a Republican father or not is irrevalent to the discussion. It was the action of her husband that was brought into question, not hers. Were Mr. Rockefeller a Republican the outrage should be the same. Wrong is still always wrong.
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| Name: |
Talullahhound
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| Subject: |
WV Senator Jay Rockefeller(D)just keeps on giving
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Date:
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11/24/2010 6:28:18 PM
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Isn't this what they call "conflict of interest"?
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| Name: |
Barneget
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| Subject: |
WV Senator Jay Rockefeller(D)just keeps on giving
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Date:
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11/24/2010 8:01:36 PM
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For a day or two, I was afraid I took this post down the wrong path by appearing to call out non, or not, for profit CEO salaries. Although worthy of the discussion, that was not my intent. I was attempting to highlight the conflict in Rockefellers statements, his funding vote, and "utilizing" taxpayer dollars to further feather the Rockefeller nest. Each time I learn of situations like this, where our elected representatives, right before our eyes, take a percentage off the top for personal gain, like the Reid or Murkowski land deals, Rocky and NPR, Waters and targeted stimulus, Rangel and the monument, or our values leaders, eg Ensign and the staffer and the husband (aka "senator seeks curious couple"), Edwards and his "other family" (sort of a throwback to the old movie -- The Impeccable Mr. Pennypacker), the song playing in my head gets louder. But that's OK, as it is a Toby Keith / Willie Nelson duet, and the lyrics go like this......a man has to answer for the wicked he done, they'd coil the rope in Texas, find a tall oak tree, round up all them bad guys, hang 'em high in the street, for all the people to see, we'd raise up our glasses against evil forces....
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| Name: |
MAJ USA RET
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| Subject: |
WV Senator Jay Rockefeller(D)just keeps on giving
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Date:
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11/24/2010 9:30:38 PM
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...whiskey for my men... and beer for my horses.
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| Name: |
MartiniMan
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| Subject: |
I'm a little confused
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Date:
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11/25/2010 9:35:56 AM
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GF, if I get the drift of your point it is that since she is the daughter of a Republican and her sister was murdered we should be OK with using taxpayer dollars to fund the overty left wing NPR and PBS. I am having trouble following your point.......methinks it is a non sequitar.
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