techno-ag said:
Quote:
"Our executive compensation lags well behind that of peer institutions," Elizabeth Hillman said in an email sent to the foundation's trustees on Monday, adding that "recent compensation studies have supported adjustments across the organization."
…
Last week, The Post revealed salaries at the non-profit have ballooned, even as it continues to run in the red and ignore the wishes of some families of first responders murdered on 9/11.
Hillman pocketed $856,216 in total compensation in 2024, according to IRS filings, a 63% raise in just two years.
The next four highest-paid executives made $486,298, $458,652, $444,999 and $432,958 in 2024.
https://nypost.com/2025/08/30/us-news/ceo-of-9-11-memorial-amp-museum-defends-bloated-salaries-amid-growing-outrage/
I dunno. Is this bad? World class museums pay top dollar for executive leadership that knows what they're doing. It kind of reminds me how upset some parents get when they find out the principal at their children's school makes a six-figure salary.
Leaders are paid what they're worth, usually. I suppose you could get somebody to run the thing for free as a volunteer. But they still wouldn't be happy with the results.
This is disgusting. The Board of Directors likely has some fiduciary responsibility to make sure that institution is financially viable. The salaries are WAY out of line with typical compensation at a non-profit organization. It would be interesting to look at their operating statement (or 990-T) to see how much of their annual expenses are tied up in payroll. I served on a non-profit foundation for 12 years, total assets of over $125MM and our CEO earned $185,000 per year in salary, total comp was probably $235k. Now, that wasn't in NYC but there ARE reports available that show what executive compensation at similar sized non-profits range. These people are just milking the organization. But, a lot of responsibility lies with the BoD due to the fact that they are the ultimate decision-making authority on executive compensation.
https://www.guidestar.org/profile/61-1745872I see from the Guidestar report that the BoD are Trustees, so they DO have fiduciary responsibilities. Admiral McRaven got himself in a financial pickle while he was at UT. I see De Niro also serves on the Board. If the Post really wants to dig in, they need to go to the Trustees to inquire about their decision-making regarding executive comp.
People think I'm an idiot or something, because all I do is cut lawns for a living.