Members reacting to cutbacks in their own benefits, experts say at CEO Update event.
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Expert panel at CEO Update Live: Personal Financial Strategies advises CEOs to consider job risks, establish a commitment to the hiring organization, get severance package and make a long-term financial plan when negotiating a contract with an employer.
Working without a contract is familiar to many association chief executives, especially at smaller groups, and even many of those with contracts do not have severance clauses.
May 30, 2014
While negotiating a contract is a lonely pursuit, there are resources available—starting with your peer network, but also including websites, executive recruiters and attorneys who specialize in association employment law.
Study: Nearly half of leaders work with no protection in case of firing without cause.
Chances of a new CEO commanding a larger paycheck than a predecessor are about 50/50, according to a new analysis by CEO Update
In the latest Inside Compensation report, CEO Update looked at the 100 highest-paid staffers in tax-exempt organizations who were registered as federal lobbyists during the latest available tax year. Just to make the list, a lobbyist had to earn more than $400,000. Median compensation was $533,631 and six lobbyists earned more than $1 million.
Chief executives leading public interest groups can earn more than a million but usually as a result of one-time SERP payouts.
CEO Update’s analysis of compensation at the largest groups found 73 top executives earned base plus bonus pay of $1 million or more in fiscal years 2012 or 2013. If retirement plan payments and other compensation are included, the number grows to 90 members of the million-plus club. For the very largest trade associations, paying the CEO $1 million “was a barrier they went through some time ago,” said Brian Vogel, a nonprofit compensation consultant.