University of Pennsylvania President Amy Gutmann was one of the highest-paid nonprofit leaders in 2005, with $675,000 in earnings, according to the Chronicle of Philanthropy’s most recent survey.Ã‚Â That’s hardly a paltry sum. But compare her pay with the $60 million pocketed last year by Bob Simpson, the chief executive of XTO Energy. This company had lower revenues last year than UPenn and employs less than 2,000 workers. Ms. Gutmann, for her part, oversees an enterprise with nearly 5,000 faculty and 24,000 students.
Is running an oil company really 90 times more valuable than leading one of the top-ranked institutions of higher learning?
The article goes on to point out that the salaries of the 20 highest paid CEO’s of publically traded companies are 38 times higher than those of the 20 highest paid non-profit CEO’s, and 183 times the 20 highest paid public sector officials (This includes the salary of the President of the United States).