May 29 2009
Still another suggestion about why high executive pay – even when it doesn’t fall into the mega-range you see in so many larger corporations – isn’t a good idea.
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I was going to make a contribution to Oregon Public Broadcasting this year, but after reading their tax return I realized that they would use most of the proceeds from the spring radio drive to pay the salary of their CEO.
According to its latest federal tax return (available at opb.org/insideopb), OPB paid its CEO Steve Bass $296,000 with a $34,000 retirement contribution. To compare, according to its most recent tax return NPR paid then CEO Kenneth Stern $354,334 plus an additional $72,723 retirement contribution.