Maybe Adair Turner was really onto something when he made a plea for banks to focus on socially useful endeavors. While CEO after CEO was coming forward to advertise their decision to work for $1/yr until their respective institution returned to non-government supported profitability, some of their counterparts in the nonprofit world were enjoying record paydays free of Congressional and Ken Feinberg scrutiny. While the median comp number for nonprofit CEOs was at a Chinese bank like $361,538, healthcare CEOs showed that working for a nonprofit doesn’t necessarily mean taking a vow of poverty.
The nation’s highest earning nonprofit CEO is J. Mongan, chief executive of Partners HealthCare Systems in Boston. He got a 99% pay bump in 2008, meaning he took home $2.7 million, including nearly $1.3 million in deferred compensation. He also received nearly $700,000 in benefits, which pushed his total compensation above $3 million. Nonprofit hospitals have the highest median CEO pay at more than $830,000.
Given last year’s performance at many banks, qualifying as nonprofit shouldn’t be too difficult a task.
These nonprofit CEOs are getting raises [CNNMoney]
Greg, don’t feed me cat-food and tell me it’s tuna.
-Grandma Michaels
Grandma, don’t put your mouth on my wee wee and tell me its soap.
- Greg Michaels
greg you got a face for radio, a voice for print and a writing style for a non profit
-DK
Greggums,
Greg, don’t take my lotion and tell me it’s for your dry skin.
-Grandma Michaels
Greg -
Why don’t you do us all a favor and take a vow of silence.
Greg, stop using your pointless and annoying posts to link to your other pointless and annoying posts. Thank you.
Greg, you are giving me Hannibal Lecter-ish impulses. I want to roast you with some chestnuts and a red wine reduction, and serve you up at an intimate candlelit dinner with Bess.
@8
sp sp sp sp sp sp sp
Greg, you make me second-guess myself.
-The Ghost of Johannes Gutenberg
@8: not bad but I have a better recipe
GREG MICHAELS STEW
INGREDIENTS
For the Greg stock:
About 1 lb Greg bones (see note below), 1 tbsp olive oil, 6 cups water, 1 onion, 2 cloves garlic, 2 sprigs thyme or savory, Salt and a few fresh black peppercorns
For the Stew:
1 Greg thigh, deboned (see note below), Salt and pepper, 1 tbsp olive oil, 2 cloves garlic, 1/2 cup white wine, [2 tomatoes, peeled, deseeded and diced, 1 cup chopped canned tomatoes or 2 tbsp tomato paste], 4 cups lamb stock, chicken stock or water, A handful of thyme or savory sprigs, 16 new potatoes, 12 young carrots, 8 young turnips, 1 lb fresh peas in their pods
NOTE ON PREPARATION OF THE GREG
Tie a tourniquet tightly at top of the Greg thigh to preserve the rest for future use. With a large chef’s cleaver, cut off the leg just below the tourniquet. Cut off bottom part of the leg just above the knee (feed this to the collie). Remove the large thigh bone, cut up into 6-inch long chunks and use for the stock (below). Cut the thigh meat into 1 1/2” cubes and drain over paper towels.
MAKE THE STOCK
Toss the Greg bones with the oil in a roasting tin and roast at 425 F for about 20 mins, until browned.
Drain off the fat in a colander, place the bones in a saucepan and cover with water. Add the onion, crushed garlic, herbs, salt and peppercorns. Bring to a boil and skim off the foam and fat from the surface. Reduce heat to a simmer and cook for about 1 hour, skimming occasionally. Strain into a bowl through a fine strainer.
MAKE THE STEW
Season the Greg cubes with salt and pepper. Heat the oil over medium heat in an enamelled cast-iron pot or a large, heavy saucepan. Brown the Greg on all sides. Slice the garlic thinly and, when the last batch of meat is nearly browned, add to the fat and let it color lightly. Drain the fat off the meat in a colander.
Still over medium heat, deglaze the pot with white wine, scraping the bottom. Add the tomato and let it cook for another minute or two. Add the Greg and the stock and bring to a boil. Cover and simmer for 40 minutes.
Meanwhile, peel or scrub the new potatoes, scrub the carrots and cut into diagonal chunks, trim the turnips without peeling them and cut into quarters, and shell the peas. Cook the turnips in boiling, salted water for 10 minutes, or just until tender. When the Greg has cooked for 40 minutes, add the potatoes and carrots to the liquid. Let these cook for 30 minutes. The Greg should now be tender and the potatoes and carrots cooked – if this is not the case, return to the oven for a few minutes longer.
A few minutes before serving the stew, add the cooked turnips and fresh peas to the sauce and cook at a simmer until the peas are still bright green but cooked. Serve over noodles or shredded copies of Greg’s Dealbreaker posts.
Adapted from Dealbreaker Cooks! by Bess Levin with Charles Gasparino (New York: Clarkson Potter Publishing, 2009). All rights reserved.
You guys are ruthless…come on, this post wasn’t that bad! It’s not Bess quality, but still, cut the poor bastard a break!
- Not Greg, or his Grandmother
@12 – the only break he deserves is his neck.
@12…Mom?
Thanks for saying what needs to be said.
@11 Sick, but I like it.
I actually thought this post was alright.
-Greg’s retarded brother
How was this post good? He’s babbling about the pay of people running non-profit groups. Who reading this site cares about that at all? What does it have to do with Wall Street? He posts random shit having nothing to do with this site’s topic in terrible, usually pretty much incomprehensible prose in easily more than half his itmes. And why does Greg still think that Feinberg is somehow setting comp for every Wall Street CEO when the only companies he has any influence over are AIG, Citi, BofA, GM, and Chrysler.