posted at The Swamp
It’s odd that people are surprised by the dollar figures involved. Michelle Obama is a VP of an organization with a $1.6 BILLION annual budget. The community that UCH addresses extends far beyond Hyde Park to the whole South Side, which usually views the university and its hospitals with a great deal of suspicion.
It doesn’t matter whether her employer is a for-profit — it does in fact clear operating income — or not-for-profit corporation; regardless, its a huge and complicated organization which requires great management talent, and that deserves proper compensation.
I say this as someone who quite willingly, and knowingly, earns about 60% less money at a non-profit than I could in the private sector.