AceFrehley wrote: But I'm sure the CEO of the American Red Cross and the other six-figure *earners* there appreciate your loyalty.
"In 2010, top executive compensation looked like this: Executive director Gail McGovern made $561,210. EVP for biomedical services James Hrouda made $621,779. Biomedical services president Shaun Gilmore made $573,933.Nov 21, 2012"
https://www.google.com/search?q=philant ... ceo+salary
It appears *charity* is a very profitable business for a select few at the Red Cross.
Yes, but local charities can't cure diseases and change the world. I'm not mitigating the positive effects that local charities have on individual lives, but organizations such as the ARC, or the Bill and Melinda Gates foundation, have the ability to change all of our lives.AceFrehley wrote:I admit I am biased, as I prefer charities that are far more local, where I am more assured the resources donated go to the people I want to help.
As an example, "Since 2001, a single initiative has helped vaccinate one billion children in more than 60 developing countries. The initiative supported the distribution of more than 37 million insecticide-treated mosquito nets for malaria prevention, 81 million doses of de-worming medicine, 95 million doses of polio vaccine, and 186 million doses of Vitamin A."
And for compensation, I do not see a problem for a top executive, with her MBA from Columbia, to make $561k. Although there's a shock factor to that much money, it's probably much less than she could earn elsewhere. Just look at her bio (and respect to her, she's accomplished a lot):
Gail J. McGovern joined the American Red Cross as president and CEO in 2008, and has taken a strong leadership role at the nation’s leading emergency response and blood services organization.
Under her direction, the Red Cross has become more effective in fulfilling its mission and is better prepared to face current and future challenges. Her transformational initiatives have led to improved financial stability and have expanded the reach of lifesaving Red Cross services. McGovern has initiated extensive modernization projects at the Red Cross. Among them are an overhaul of Red Cross IT systems and the growth of the organization’s leadership in social media and mobile technologies – including the introduction of a series of free apps that put lifesaving skills at people’s fingertips during emergencies.
During her tenure, McGovern has overseen the American Red Cross response to multiple high-profile disasters across the country and around the world, including the Haiti earthquake in 2010, the Japan earthquake and tsunami in 2011, Hurricane Sandy in 2012, as well as the multitude of tornadoes, hurricanes, floods, wildfires, home fires and other local disasters that affect our country each year.
Prior to joining the Red Cross, McGovern was a faculty member at the Harvard Business School and earlier had served as president of Fidelity Personal Investments, a unit of Fidelity Investments. She was also executive vice president at AT&T for the Consumer Markets Division, the company’s largest business unit, and was responsible for its $26 billion residential long-distance service.
She earned a Bachelor of Arts degree from Johns Hopkins University and an MBA from Columbia University, and has since been recognized as alumna of the year from both universities.
McGovern is currently a member of the board of trustees for Johns Hopkins Medicine. She also serves on the board of directors of DTE Energy, PayPal, and The Weather Channel.
McGovern was recognized by Fortune magazine in 2000 and 2001 as one of the top 50 most powerful women in corporate America.