Treasury caps executive pay at nonprofits

17.01.2013                      06.Schwat. 5773

Finanzministerium:

Treasury caps executive pay at nonprofits

New directive limits salaries of CEOs and VPs at public institutions.

The Finance Ministry’s new criteria for allocating funding to public institutions limit the salaries their CEOs and VPs may receive.
This affects nonprofit organizations such as think tanks, social service groups, charities and religious institutions….