Understood. But we're not talking about a Tier-1 CEO, and we're not talking about an established company.
Rather this is someone with no journalism experience at a nonprofit startup. If we were talking about a first-year startup in a failing industry with $5mil in total funding there wouldn't even be a suggestion of a CEO salary close to that.
But my larger point is that this is an organization that needs public support to succeed. Burning through all of your funding in the first year while paying top-level executive salaries in a down economy doesn't build public confidence.
Rather this is someone with no journalism experience at a nonprofit startup. If we were talking about a first-year startup in a failing industry with $5mil in total funding there wouldn't even be a suggestion of a CEO salary close to that.
But my larger point is that this is an organization that needs public support to succeed. Burning through all of your funding in the first year while paying top-level executive salaries in a down economy doesn't build public confidence.