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Originally Posted by retiredguy123
I agree. The president of the Wounded Warriors Project is a retired military officer, but he makes more money from the charity than any military officer has ever made in history. The president of the Tunnel to Towers charity receives no compensation at all. Both charities have a mission to assist disabled veterans.
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The president of Tunnel to Towers, Frank Siller, was in real estate, property management, and an entrepreneur, and made a fortune before turning his attention to the charity he founded. He doesn't need a salary from Tunnel to Towers, and so he doesn't take one.
There's also a man who founded a non-prof that I worked for, and he took no salary at all because he was independently wealthy and didn't need money. This was a passion of his, and he was retired from his career.
Some charities need their CEOs and Presidents to be full-time, and this is their career. The CEO of the American Cancer Society gets $700,000 and change in salary, and more compensation in a package that brings his income up to well over a million bucks a year. I don't see a problem with that. It's a drop in the bucket compared to how much they bring in.