Author Topic: "Salaries of U.S. Jewish Communal Leaders" (Read 15691 times)

AJK · « **Reply #20 on:** December 31, 2012, 10:08:17 AM »

Those essentially mirror my feelings on the matter...

While I may be wrong, the president of "Jewish Community Federation of Cleveland" (just as an example) does not manage money in the same way John Paulson manages money, and doesn't need the same skills as Paulson does.

Speaking completely as an uninformed person, I'd imagine you could find a dozen or so other people with the skills to run the the JF of Cleveland, a charitable organization, for less than $650,000 per year.

Dan · « **Reply #21 on:** December 31, 2012, 10:20:51 AM »

It does sounds crazy and I wouldn't donate to such a "charity" but it's all commensurate with their worth. They wouldn't be paying this guy for nothing.
They bring in some $70MM a year and have an endowment several times that.

Similar to the head of OSU, a massive publicly financed college in OH, making nearly $1MM/year. People made an uproar about it but the fact is he personally bring in his salary many times over in donations.

damaxer91 · « **Reply #22 on:** December 31, 2012, 10:30:27 AM »

Quote from: Dan on December 31, 2012, 10:20:51 AM

People made an uproar about it but the fact is he personally bring in his salary many times over in donations.

You hit it on the nose. Exactly

AJK · « **Reply #23 on:** December 31, 2012, 10:30:37 AM »

That's a good point, and one I hadn't considered.

If he's basically getting paid a glorified salesman/fundraiser, then I don't have as much of an issue with it (after all, I doubt there are at least a dozen or so people with "his" connections that could raise money like he does in his city/state etc).

That said, I still wouldn't personally donate to that org simply because a) I don't want my money going towards paying his salary, and 2) there are orgs that are run with nearly zero overhead where I'd be able to get (a lot) more bang for my charitable buck.

damaxer91 · « **Reply #24 on:** December 31, 2012, 10:36:01 AM »

Quote from: AJK on December 31, 2012, 10:30:37 AM

That's a good point, and one I hadn't considered.

If he's basically getting paid a glorified salesman/fundraiser, then I don't have as much of an issue with it (after all, I doubt there are at least a dozen or so people with "his" connections that could raise money like he does in his city/state etc).

That said, I still wouldn't personally donate to that org simply because a) I don't want my money going towards paying his salary, and 2) there are orgs that are run with nearly zero overhead where I'd be able to get (a lot) more bang for my charitable buck.

I doubt that anyone here is donating funds to any of those org

jj1000 · « **Reply #25 on:** December 31, 2012, 11:33:37 AM »

Quote from: damaxer91 on December 31, 2012, 10:36:01 AM

I doubt that anyone here is donating funds to any of those org

-1 I'm sure there are some YU graduates here, and that's just number 1 on the list.

hocker · « **Reply #26 on:** December 31, 2012, 11:51:16 AM »

I remember once seeing what Chai Lifeline pays in salaries and I was shocked.

Edit: Just found this online but don't know how accurate it is. Sam Zaks Executive Director of Development Chai Lifeline $391,340

Ergel · « **Reply #27 on:** December 31, 2012, 11:54:02 AM »

With many of these places you can earmark funds where you want them to go

Galitzyaner · « **Reply #28 on:** December 31, 2012, 02:13:22 PM »

Quote from: jj1000 on December 31, 2012, 11:33:37 AM

-1 I'm sure there are some YU graduates here, and that's just number 1 on the list.

In a recent edition of the YU Commentator (the official student newspaper), he [President Joel] took some harsh criticism for his hefty salary.
In the last issue, someone defended him with precisely the same argument that was used here, something to the effect of "had he continued in the private sector, he'd have been making a lot more...".

AJK · « **Reply #29 on:** December 31, 2012, 02:15:16 PM »

And that's still a crappy argument, IMO.

Just because he makes less in the "public sector" (which this isn't BTW) than he would in the private sector, doesn't ipso facto mean his worth to the "public institution"is whatever his salary is.

E.g. A piece of coal which "normally" sells for $10,000 isn't automatically a good deal simply because one can get it at a 90% discount.

Ergel · « **Reply #30 on:** December 31, 2012, 02:22:01 PM »

Unless you can turn around and flip it for a 900% profit

AJK · « **Reply #31 on:** December 31, 2012, 02:22:47 PM »

Quote from: Ergel on December 31, 2012, 02:22:01 PM

Unless you can turn around and flip it for a 900% profit

I fail to see the relevance...

Ergel · « **Reply #32 on:** December 31, 2012, 02:45:24 PM »

Quote from: AJK on December 31, 2012, 02:22:47 PM

I fail to see the relevance...

If he in turn raises many times his salary, it is an investment well worth it.

AJK · « **Reply #33 on:** December 31, 2012, 02:52:45 PM »

Quote from: Ergel on December 31, 2012, 02:45:24 PM

If he in turn raises many times his salary, it is an investment well worth it.

I don't disagree (as I've already said), but that's not the point I was arguing...

andrew · « **Reply #34 on:** December 31, 2012, 03:08:21 PM »

Quote from: hocker on December 31, 2012, 11:51:16 AM

I remember once seeing what Chai Lifeline pays in salaries and I was shocked.

Edit: Just found this online but don't know how accurate it is. Sam Zaks Executive Director of Development Chai Lifeline $391,340
Quote
That might be his title but hes a fundraiser and that number could be based upon the money he brings in which not any volunteer can do.

yaakov s · « **Reply #35 on:** December 31, 2012, 03:38:08 PM »

Quote from: hocker on December 31, 2012, 11:51:16 AM

I remember once seeing what Chai Lifeline pays in salaries and I was shocked.

Edit: Just found this online but don't know how accurate it is. Sam Zaks Executive Director of Development Chai Lifeline $391,340

He brings in millions of dollars. Hes one of the top in the field among the (Ultra) Orthodox .

damaxer91 · « **Reply #36 on:** December 31, 2012, 03:40:32 PM »

Quote from: jj1000 on December 31, 2012, 11:33:37 AM

-1 I'm sure there are some YU graduates here, and that's just number 1 on the list.

Sorry, i doubt any serious donors to YU lurk on these forums

And besides, anyone who is a serious philanthropist knows that in order to have some as high caliber as Richard Joel you must pay up

meshugener · « **Reply #37 on:** December 31, 2012, 06:30:28 PM »

Quote from: hocker on December 31, 2012, 11:51:16 AM

I remember once seeing what Chai Lifeline pays in salaries and I was shocked.

Edit: Just found this online but don't know how accurate it is. Sam Zaks Executive Director of Development Chai Lifeline $391,340

He deserves it.

Galitzyaner · « **Reply #38 on:** December 31, 2012, 08:01:16 PM »

Quote from: damaxer91 on December 31, 2012, 03:40:32 PM

Sorry, i doubt any serious donors to YU lurk on these forums

And besides, anyone who is a serious philanthropist knows that in order to have some as high caliber as Richard Joel you must pay up

"His salary, the highest of seventy six national Jewish organizations surveyed by the Forward, is also the twelfth highest for a university president."

You think he's really that worth it?

DrDanny · « **Reply #39 on:** December 31, 2012, 10:29:42 PM »

Quote from: Galitzyaner on December 31, 2012, 08:01:16 PM

"His salary, the highest of seventy six national Jewish organizations surveyed by the Forward, is also the twelfth highest for a university president."

You think he's really that worth it?

Yes it's business they would hire someone else if not