“Executives at not-for-profits should be using the taxpayer dollars they receive to help New Yorkers, not to line their own pockets… There is a whole range of compensation levels and extremes that have existed for too long….”
Those powerful words were spoken by New York Governor Andrew M. Cuomo just over two years ago in his announcement of the formation of a task force to combat excessive executive compensation at not-for-profit corporations that provide services to the poor.1 The creation of the task force marked the beginning of major efforts that would culminate in new regulations governing executive compensation of certain New York not-for-profit health care corporations, and a proposed law applicable to the compensation paid to executives of all New York not-for-profit corporations.
