Carl Feldbaum worked four days in 2005 for the Biotechnology Industry Organization and took home $1.9 million from the trade group that year. Feldbaum, one of the founding CEOs of BIO, retired in December 2004, after 11 years of service. Since then, he’s joined a growing cadre of CEOs who have left their trade associations with what seem like gilded compensation packages. Salary consultants point to the growing exit and retirement packages as another way the non-profit sector is narrowing the gap in pay and perks with the private sector. The pay packages have become an integral part of CEO contracts, alongside compelling severance and termination clauses that ensure a CEO… Read More