hlfo718 wrote:My wife works for this non profit and the last 4 years, her salary has gone up by about 4.5%, cumulative. Yet the CEO gets 7 figures and rides in with company paid limo. Now the rumor is the company is looking to become a for profit org. I just want to make sure the executives don't raid the company by giving themselves huge stock options before going for profit since the goal of the company was to help the poor.
I hate to be a pessimist, but I suspect that there is little or nothing you or your wife can do to prevent it.
Let me also add that many religious organizations and religious-based entities also may have very significant assets and investments to fund, in a longer term way, their purposes. Institutions of higher learning often have large endowments. The CEOs and top management of almost all such large organizations (whether profit or non-profit) have significant compensation. Whether they "earn" or "deserve" it is a very good question, and there are arguments on both sides of the issue -- but not something we can go into here.