Comments on: Philanthrocrat of the day, ProPublica edition http://blogs.reuters.com/felix-salmon/2009/09/30/philanthrocrat-of-the-day-propublica-edition/ A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: journalist guest http://blogs.reuters.com/felix-salmon/2009/09/30/philanthrocrat-of-the-day-propublica-edition/comment-page-1/#comment-7496 Sat, 03 Oct 2009 03:49:22 +0000 http://blogs.reuters.com/felix-salmon/2009/09/30/philanthrocrat-of-the-day-propublica-edition/#comment-7496 Actually, the Propublica tax document indicates total expenses for 2008 were just $6.1 million including salaries. That means Paul Steiger and Stephen Engelberg, with a million betwen the two of them, took home a sixth of it, or 16 percent of the total expenses.
Who would donate to a non-profit with that ratio?

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By: guest http://blogs.reuters.com/felix-salmon/2009/09/30/philanthrocrat-of-the-day-propublica-edition/comment-page-1/#comment-7466 Fri, 02 Oct 2009 17:14:59 +0000 http://blogs.reuters.com/felix-salmon/2009/09/30/philanthrocrat-of-the-day-propublica-edition/#comment-7466 The entire annual budget based on the Sandlers grant is about $10 million. That means two guys are pulling 10% of the company’s annual budget. That’s bananas. Even if they each made $300k, think of how much more journalism they’d be able to pay for. Completely irresponsible, especially for Steiger who’s already loaded from his time at the WSJ.

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By: Dick Tofel http://blogs.reuters.com/felix-salmon/2009/09/30/philanthrocrat-of-the-day-propublica-edition/comment-page-1/#comment-7330 Wed, 30 Sep 2009 21:34:26 +0000 http://blogs.reuters.com/felix-salmon/2009/09/30/philanthrocrat-of-the-day-propublica-edition/#comment-7330 Readers may be interested to read the entire relevant graf from Felix’s first link here: Journal managing editor Paul Steiger received a base salary of $547,692, up slightly from his salary of $528,327 in 2005. Steiger’s total compensation, including stock options and option awards, was $1.38 million, up from just more than $1 million in 2005.
ProPublica does not offer incentive compensation.

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