La Crosse Tribune - News: "Federal officials want new rules limiting executive compensation at nonprofit companies like ORC Industries Inc. of La Crosse.
ORC employs about 750 people -many with disabilities - making garments and other items for the military and other customers at plants in Wisconsin and Texas.
ORC president Barbara Barnard received $683,054 in salary and benefits in 2003, nearly $300,000 of which is in deferred compensation, according to ORC's federal tax returns.
But under the proposed rule, nonprofits like ORC that benefit from federal set-aside programs for disabled and blind workers would have to limit total executive compensation to approximately $207,000 � or justify why it should be higher."
No comments:
Post a Comment