On Wed, Jun 8, 2016 at 2:50 AM, MZMcBride z@mzmcbride.com wrote:
Patricio Lorente wrote:
We’ve heard your questions and want to address them broadly, as well as provide more information about the breakdown of Sue’s compensation during this time.
Thank you for this e-mail.
Indeed. Thank you for this much clearer explanation.
Looking at base compensation alone, the $112,500 base compensation figure in the 2014 form thus appears to be composed of
ED salary 5 months at $200,000 p.a. 5/12 * $200,000 = $83,333
Special advisor salary 7 months at $50,000 7/12 * $50,000 = $29,167
Total salary: $83,333 + $29,167 = $112,500
(2) Retention bonus to compensate Sue for lost opportunities during the transition period: $165,000.
This is the key piece that I think most people didn't understand or realize. Was this information published anywhere previously (e.g., in the Board minutes)? I wouldn't expect to see an exact amount, of course, but this is a pretty substantial amount of donor money, so I'd expect at least a "we approved a retention bonus for special advisor Sue Gardner"-type notice somewhere, typically on wikimediafoundation.org.
Indeed.
I guess what this $165,000 bonus means is that Sue essentially received a salary increase from $200,000 (her salary as indicated in the 2013 form) to $365,000 for her last year as ED, to make her stay on another year after she had expressed her intention to leave.