FGN Update 3-30-05

Hi all, just a quick email,

Update 3-30-05: Click here for an analysis of the 1-20-05 study of executive pay for 27 high profile "media ministries." See the best and worst!

Focus on the Family really shines as one of the best, while Dr. Hagee stands out as one of the obscene worst.

Snippet:
Fourth, I color-coded some of the results to show were the gross violations were, and where the best financially behaved organizations were. Worst:

Global Evangelism Television (2)
Pres. John C. Hagee
$900,000
Multiple: 6.30

Peter Popoff Ministries
Pres. Peter Popoff
$425,019
Multiple: 2.98

New Life Ministries
CEO Stephen Arterburn
$306,012
Multiple: 2.14

Christian Research Institute (3)
Pres. Hank Hanegraaff
$280,331
Multiple: 1.96

Ligonier Ministries
Pres. Robert C. Sproul
$221,576
Multiple: 1.55

The reason these are so bad is because they have high multiples of the industry standard for salary, and have revenues on the low side of the group of 27 (generally, people accept that a higher-revenue organization commands higher compensation).

Dr. Hagee simply stands out because his multiple is simply obscene, regardless of revenue. (Click here to read more about problems with CRI... Hank Hanegraaff).

. ...Bernie
http://www.oneplace.com/ministries/247
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