We received an email at work today about the company matching donations made to the
Red Cross for hurricane relief. Feeling really bad for the poor Katrina victims who've lost everything, I reached for my credit card to make a donation. I mean which Singaporean can resist a good bargain right? My donation will be worth even more!
I mentioned this to hubs who then made a jab at how I better be sure the CEO isn't getting overpaid like the infamous Durai! Curiosity stirred, I did some research and learned that the Red Cross CEO, Marsha Evans, is paid US$450k a year.
Ah hah, now I've heard some arguments that people are just jealous Durai is getting paid so well, that running a large organization like the NKF is really tough and you gotta pay the best man for the job and blah blah blah. But let's do the math here.
DuraiSalary: US$360k
NKF Program Expenses: US$4.8 million
% Salary: 8.4%
vs
EvansSalary: US$450k
Red Cross Program Expenses: US$2.8 Billion
% Salary: 0.02%
Tadah!!! Confirm overpaid!! This Marsha woman is running an organization with expenditure of over USD$ 3 billion. And Durai?? Using the Red Cross as a rough guideline, he should only get SGD$137,600 a year. Sounds reasonable, it's more than 10k a month ok. Not like he will have to pimp out his kids or anything. Come to think of it, it's not really be his fault except for the lying part. Now who were the fucktards who decided to pay him that much in the first place???