…well, he has a $190,000 compensation plan from the “non-profit” Red And Black. Jim Walls of Atlanta Unfiltered reports:
Montevideo — publisher of the Red Black, whose key editorial staffers walked out this week — collected nearly $190,000 in salary a year ago from the non-profit that runs the student paper, tax records show. About $16,000 of that was deferred compensation.
Red Black Publishing Inc. spent $1,042,000 that year, so Montevideo’s salary alone made up 18 percent of the non-profit’s budget. Giving up one dollar in five to your top guy is uncommon, to say the least, in the non-profit world.
Montevideo earned 59 percent more than in the previous year, fiscal year 2010, when Red Black Publishing paid him $119,082. He earned $124,497 in 2009.
Montevideo lost the senior staff of the newspaper by sending a memo saying he wanted more stories about how to join clubs, and less about catching people doing bad things.
He is, after all, trying to teach them valuable lessons regarding journalism. If you tick off the wealthy and powerful, or your advertisers, those at the top of the food chain don’t have as much money to spend. How dare those pesky students run afoul of his maintaining his “non-profit” profits.
Article source: http://www.peachpundit.com/2012/08/17/about-that-guy-that-doesnt-want-students-ticking-off-powerful-people/
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