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Then and now: CEO compensation outpaces inflation

May 28, 2010

Top pay at national groups more than triples in the last 20 years, but leaders manage larger, more complex organizations.

By Mark Graham

When Val J. Halamandaris first took the top job at the National Association for Home Care & Hospice in the early 1980s, it was a $250K trade group with three employees. By 1989, revenue ballooned to $4.4M and Halamandaris earned a handsome $187,924.

Twenty years later, NAHC is a larger and more complex $12M organization. Staff has grown to 85, spending more than $2M just for meetings and it has become the voice in Washington, D.C., for a burgeoning industry. 

Halamandaris doesn’t have the same job he had two decades ago and his current salary reflects that. His most recent compensation reported to the IRS in 2008, was $646,797.