Re: What are you saying? Re: Executive salaries
Hank Voegtle (hvoegtle@IX.NETCOM.COM)
Tue, 22 Sep 1998 20:09:47 -0500
I don't intend to be an apologist for Jere, but I feel a few points need to
1. BSA is a corporation.
2. Non-profit in its broadest sense means that
a. The corporation has no shareholders; and
b. At the end of its fiscal year it does not have any profits to distribute.
3. Comparing BSA with IBM, Microsoft, [Proctor and Gamble] Tide,
[RJR]Nabisco is comparing apples and oranges-those are all publicly traded
corporations, with CEOs whose compensation is tied to the company's
performance and who serve at the will of the shareholders through the board
of directors. The CEOs of the companies you mentioned get salaries,
benefits, etc. that are several multiples of Jere's.
4. For another example consider either college or pro football
coaches--heft salaries, outside income from TV shows etc. for only a few
months work a year. Or Colin Powell--government retirement, lots of
national boards of directors, speaking fees--he's not hurting.
5. BSA executies have generally come up through the ranks. Think about
what it would cost to acquire a person to fill the role of Chief Scout
Executive if BSA had to look to the outside for a CSE (not to mention the
hue and cry from volunteers saying that the person didn't know the program).
6. With all of BSA's litigation he has to hang around with lawyers--that
deserves hazard pay.
At 02:28 PM 9/21/1998 -0400, HABIB BOUKARI wrote:
>This guy isn't working for IBM, Microsoft, Tide, Nabisco. He is working for
>you and me and all of the other scouters. I don't think he earns that
>amount of money. I really don't want to offend anybody, but I want to make
>sure I get my point across
Terry Howerton Sakima Group, Inc. SCOUTER Magazine Kansas City