Grumpybear
Well-Known Member
So you do not believe the journeyman is worth his hire.
Ifq I may say so, you are in danger of distorting the point made by a number of posters. While it may be true that charity CEOs generally are paid less than large private sector company CEOs, it is dangerous to assume that the latter are worthy of their hire. The catastrophic loss of major British companies e.g. GEC was due to appalling judgement by executives which was nodded through by their non execs who were in clear breach of their fiduciary duty; the culprits were handsomely rewarded for their incompetence and short term ism, and this has continued to this day, most notably in the banks. The revolving door between Whitehall and business created by the last government has extended this disastrous trend to the machinery of government (think of the FSA, HMRC, DEFRA's Rural Payments Agency, to name but three). Along the way, the remuneration committees of all these organisations have systematically raised the salary bar for each other, to the detriment of everyone but themselves. I believe that the pay of charity CEOs (in passing, pay and perks nowadays appear to be referred to as "compensation" - for what dreadful ordeals, in heaven's name?) is often set by committees of their peers; how sure can we be that they are immune to the same temptations? Given that sometimes these organisations are run by men who have retired early from the public service on very generous final salary pensions, the idea of there being a going rate for all is pernicious in my view.
I have no doubt that most (but sadly not all) large charities are well run, though it is a pity that some (obviously not the RNLI, before any of the sacred cow worshippers have another apoplexy) have been corrupted by their dependence on the state for a large proportion of their revenue, but how many leaders in either the private, the public or the charity sector really need or indeed to deserve to be paid more that the Prime Minister ( the office, not the present incumbent, to take the political provocation out of the argument)?