After ousting CEO, Goodwill Omaha paid him another $610,000 in court settlement

After ousting CEO, Goodwill Omaha paid him another $610,000 in court settlement

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Anne Hindery, CEO of the Nonprofit Association of the Midlands in Omaha, said that severance agreements are not unusual for CEOs in the corporate world and that large national-scale nonprofits at times provide them, too.

“But I’m not aware of any (local charity) in Omaha that has negotiated a contract like that,” she said.

While the Goodwill episode was painful, Hindery said it has produced positive change that’s gone beyond Goodwill.

She said more nonprofits and their boards have sought to adopt best practices, with some of their donors requiring it. Some donors also are requiring local nonprofits to base pay on nonprofit salary surveys, including the survey of Nebraska nonprofits that her organization conducts.

Hindery said it’s important that nonprofits and their boards offer compensation that helps them attract talented leaders and workers. But they also need to be able to say how they arrived at their decision and why it’s appropriate.

“Because if they can’t justify it,” she said, “they shouldn’t be paying it.”

Source Name: 
Omaha World-Herald
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