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Many People Are Offended When They Learn That the CEO

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Many people are offended when they learn that the CEO of a charitable organization makes a salary commensurate with a CEO of a private company that is run for profit. Explain why it would be a mistake for charitable organizations to pay their CEOs less than companies that are driven by profit?


Definitions:

Multinational Corporation

A corporation doing business in more than one country; often it owns production facilities in at least one country and sells in many countries.

Standard Oil Trust

A conglomerate of interconnected oil companies controlled by John D. Rockefeller in the late 19th and early 20th centuries, known for its monopolistic practices.

Exxon

An American multinational oil and gas corporation, one of the world's largest publicly traded energy providers and chemical manufacturers.

Mobil

An American oil company now merged with Exxon to form ExxonMobil, one of the world's largest publicly traded international oil and gas companies.

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