Does Non-profit CEO Pay Matter?

You may be surprised to learn that those big, prominent nonprofits soliciting your holiday donations, and maybe a place in your will, are very profitable for the administrators (and in some cases, the artists) in charge. How did that happen? Mostly because executive salaries are set by boards of directors, and these boards, especially at prestigious institutions, are comprised of the richest people those same administrators can round up, folks to whom a half-million dollars sounds like, if not pocket change, nothing more than a reasonable salary. – Chicago Reader