The top paid charity CEO earned over $2 million. Is that excessive? But how can large organizations recruit top talent without competitive pay?
How much should the head of a nonprofit earn? A few hundred thousand? How about $2,659,540? That's the top of the list of the 15 highest paid charity CEOs compiled by the watchdog Charity Navigator.
Before you get too upset, that seven-figure pay out is likely an aberration. That's Zarin Mehta's salary as head of the New York Philharmonic, much of it in deferred compensation from past years. His normal salary is just about $1 million.