How Much Should Competence Cost?

“Josiah Spaulding Jr., the president of the Wang Center for the Performing Arts, isn’t just well paid. He’s among the highest-paid leaders of a nonprofit performing arts center in the country, earning more than the directors of a range of institutions that, budgetwise, dwarf the Wang Center. Spaulding’s compensation package for the fiscal year ending in May 2002, the most recent available, was $536,159 a year. This figure was the first thing a group of nonprofit experts noticed when they were asked to review the Wang Center’s Internal Revenue Service filings.”