This feels like somebody setting up a GoFundMe to pay off their credit card debt. They paid their CEO an absurd salary, and now they need more money. That sounds like a you-problem.
This is not even close to the same thing. If you don't want to donate, then don't. But this is a red herring.
What you should be thinking about is the value he provides, not the absolute amount he is paid. The net positive effect of him running it and getting paid $800k is much higher than someone else who can't run things as well getting paid $100k. The goal is to maximize the output of the non-profit, not to keep salaries low. What you should care about is ROI on your dollars donated.
I think it's a false statement to say someone less expensive will run things less well. I've been at a number of not-for-profits, and that does not match my experience at all.
Compensation should be set at a level where people don't need to worry about money, with a reasonable but basic standard of living. In the Bay, unfortunately, that's around $200k. On the other hand, compensation should not be set at a level where people are there for the money. You want people to be there because they are passionate and care.
$200 will bring people just as competent as $800k, but (1) your burn rate is lower (2) people are there for the mission (3) you can ask for donations in good faith.
Depending on part of the country, you can step that down significantly, in turn.
If you do want to invest extra money on people, a better place to spend that is stability and benefits (in the way universities do). I'd gladly take a job for $200k with a lifetime guarantee of doing meaningful work over one at $800k without that guarantee.
I actually think a lot of the bad decisions by Khan Academy are related to misaligned incentive structures. Khan tries to keep a pretty deep moat protecting business models. The platform isn't open source. Partnerships are hard to come by. Research partnerships are exceptionally difficult (Khan data is a proprietary resources). There's a cult personality. Etc.
With a more revenue driven model (aka stop giving anything away for free), Kahn Academy would be deriving a lot more revenue from the added traffic. They are still giving away a significant amount of value away for free and asking for donations back.
Someone set-up a GoFundMe for their credit card bill, which they ran up buying supplies to make masks for doctors in need. You are saying that, because they treated themselves to Olive Garden once for dinner, instead of only ever eating the cheapest thing off the McDonald's menu, that they need to repent. Meanwhile, actual fat cat CEOs are eating at $250/person steakhouses while raping the Earth.
800k is a lot of money, but it's really not for that sort of position. CEOs regularly make tens or hundreds of millions of dollars. The ones that famously don't, like Steve Jobs or Mark Zuckerberg, are able to do so because they are already obscenely wealthy.
Have you heard of the phrase "throwing the baby out with the bathwater?" Because that's what you're proposing here.
“They” would be fine getting even higher pay elsewhere working for private interests. The losers would be the general public who benefit from the education.
bbrree66|6 years ago
What you should be thinking about is the value he provides, not the absolute amount he is paid. The net positive effect of him running it and getting paid $800k is much higher than someone else who can't run things as well getting paid $100k. The goal is to maximize the output of the non-profit, not to keep salaries low. What you should care about is ROI on your dollars donated.
wegs|6 years ago
Compensation should be set at a level where people don't need to worry about money, with a reasonable but basic standard of living. In the Bay, unfortunately, that's around $200k. On the other hand, compensation should not be set at a level where people are there for the money. You want people to be there because they are passionate and care.
$200 will bring people just as competent as $800k, but (1) your burn rate is lower (2) people are there for the mission (3) you can ask for donations in good faith.
Depending on part of the country, you can step that down significantly, in turn.
If you do want to invest extra money on people, a better place to spend that is stability and benefits (in the way universities do). I'd gladly take a job for $200k with a lifetime guarantee of doing meaningful work over one at $800k without that guarantee.
I actually think a lot of the bad decisions by Khan Academy are related to misaligned incentive structures. Khan tries to keep a pretty deep moat protecting business models. The platform isn't open source. Partnerships are hard to come by. Research partnerships are exceptionally difficult (Khan data is a proprietary resources). There's a cult personality. Etc.
vowelless|6 years ago
jrs235|6 years ago
[deleted]
fragmede|6 years ago
Someone set-up a GoFundMe for their credit card bill, which they ran up buying supplies to make masks for doctors in need. You are saying that, because they treated themselves to Olive Garden once for dinner, instead of only ever eating the cheapest thing off the McDonald's menu, that they need to repent. Meanwhile, actual fat cat CEOs are eating at $250/person steakhouses while raping the Earth.
800k is a lot of money, but it's really not for that sort of position. CEOs regularly make tens or hundreds of millions of dollars. The ones that famously don't, like Steve Jobs or Mark Zuckerberg, are able to do so because they are already obscenely wealthy.
Have you heard of the phrase "throwing the baby out with the bathwater?" Because that's what you're proposing here.
lotsofpulp|6 years ago