While 700k may look like a lot (and by most objective measures it is), the skill set needed to run a successful non/not for profit is actually quite unique no matter how big or small it is. They do not work not like “normal” CEOs. Replace caring about share price, and moving the share price up effectively versus caring about voluntary donations from people who get nothing out of but perhaps a tax break. And you’re competing not against other equities (stocks); you’re competing against other non/not for profits for limited money and attention.
Anyway, just saying I do not begrudge that level of compensation to the people running the last corner of the internet not filled with AI slop.
MisterMoo@lemmy.world 1 day ago
Isn’t $700k per year really low for a CEO or high level exec of an extremely visible, important, high-profile firm?
Grerkol@leminal.space 1 day ago
Just because it’s low compared to other CEOs doesn’t make it reasonable and justified. Also, Wikipedia isn’t a “high-profile firm”. It’s (at least supposed to be) a non-profit that takes donations to keep the site running and free.
RecursiveParadox@lemmy.world 1 day ago
Yes see comment above.