What Didn’t Work: Tongue-Tied at the Top
While boards sat in silence, executives milked American University and the Smithsonian.
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Pete Smith
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In the ensuing years, Small’s compensation increased an average of 5 percent per year—not atypical for nonprofit leaders in this period. Nonetheless, by 2007 Small’s total compensation had grown to $915,698, which was higher than that of almost all nonprofit CEOs in the United States and more than three times that of his predecessor.
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