Mar 6, 2017

Two Americas

401 2012/ Flickr cc

Workaday stalwarts at the nation's non-profits won't enjoy Andrea Fuller's Wall Street Journal front-pager, "Million-Dollar Paydays Jump For Officials At Charities."

  • "About 2,700 people had seven-figure pay packages at the nonprofits in 2014, a number that was up a third in three years, newly searchable IRS data show."
  • "Many of the $1 million-or-more packages ... included deferred-compensation contributions or payouts. In about a quarter the base pay was $1 million or more."
  • "About three-fourths of the charities that provided million-dollar compensation packages in 2014 were involved in health care. About 10% were private colleges."
  • "The biggest 2014 package went to Anthony Tersigni, president and chief executive of Missouri-based Ascension, one of the largest hospital operators ... His compensation totaled $17.6 million [including] a $10.2 million bonus."

Smart take: The steep paydays for these tax-exempt organizations has an especially big impact on the health care industry, Bob Herman reports β€” because about three-fourths of the charities that provided million-dollar compensation packages in 2014 were involved in health care.

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What to watch in tonight's Democratic debate

Bernie Sanders at a campaign rally in Colorado. Photo: Helen H. Richardson/MediaNews Group/The Denver Post via Getty Images

Bernie Sanders is now the clear front-runner for the Democratic presidential nomination, and his opponents are ready to try to knock him down at tonight's debate in Charleston, South Carolina β€” especially Michael Bloomberg, who was the punching bag at the Las Vegas debate.

Why it matters: This is the last debate before Super Tuesday, when Sanders is expected to win California and Texas and could secure an insurmountable lead for the Democratic nomination. That's a direct threat to the entire field, but especially to Bloomberg, who skipped the early states to focus on the March 3 contests.

Bob Iger to step down as CEO of Disney

Photo: Jeff Kravitz/FilmMagic

The Walt Disney Company said Tuesday that it had named longtime Disney executive Bob Chapek as CEO Bob Iger's successor, effectively immediately. Iger will remain executive chairman of the company through 2021.

Why it matters: Iger is credited with having successfully turned around Disney’s animation and studio businesses and with the strategic acquisition of Marvel, Pixar, Lucasfilm and 21st Century Fox. Most recently, he was the person behind Disney's successful launch of its Netflix rival Disney+.

Go deeperArrowUpdated 3 hours ago - Economy & Business