Question

10. Challenge Helping society can be big business. The largest
nonprofits generate annual revenues in the billions of dollars.
Even small nonprofit organizations can make as much money
as many for-profit businesses. Nonprofits employ professional
managers, accountants, and marketers, just as any other business
would. Should the chief executive officer (CEO) of a nonprofit
with $500 million in annual revenue be paid the same salary
as the CEO of a for-profit company with the same amount of
revenue? Explain your answer.

Answer 1

Yes the CEO of the non profit organization with $500m has to be paid the same salary as the CEO of the for profit organization.

The reason why both CEOs have to be paid the same amount

• They do the same type of work.
• They have the same stress level.
• They have the same type of responsibility
• They also spent time in school and time to build a career.

Who is a CEO?

This person is the highest ranking officer that works in a firm. They are known to be the ones that make corporate decisions for the business.

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