Preliminary disclosure data for 2014 reveal acceleration of pay increases for professional society chief executives to levels not seen in years. Median pay for CEOs leading professional societies with more than $5 million in revenue has climbed to $353,490. Two years ago, median pay was $324,010. And while high salaries in trade associations are usually tied to big advocacy budgets, the same is not true for professional societies.
Attorney Jeffrey Tenenbaum says executives should pay close attention to contract details, particularly the authority to hire and fire staff.