USATF lays off 11% of its workforce (7/65). Max Siegel's salary reduced from 1.1 million to 900k

let's go wrote:

As long as I am taking shots, who the hell is the NCAA standing up for? Certainly not student athletes. And the Universities, why arent they pushing back agaisnt lock downs in defense of there students?

Virtually none of the students will even show significant symptoms, let alone die.

Who's standing up for the little guy?

Do only the old and rich matter?

What the hell are you talking about?

Outrageous! wrote:

What is the CEO still getting $900k in salary in times like this when he is firing people? He should be dropped down to $50k so that other people can be paid.

Why should he keep employing people when they have nothing to do? He should fire them, let them collect large unemployment checks from the government, then hire them all back if they're still needed.

USATF membership supports Max’s ridiculous salary and expense account. What does membership get in return?

The lifestyle this joker affords off of the backs or legs of athletes is astounding.

lab rat wrote:

How are pro athletes not boycotting and asking for his resignation?! I would have thought this would have happened after the Washington Post article came out years earlier.

Because the doctors and politicians have made it illegal to assemble in groups to protest anything. That's "democracy" for you.

Outrageous! wrote:

lab rat wrote:

How are pro athletes not boycotting and asking for his resignation?! I would have thought this would have happened after the Washington Post article came out years earlier.

Because the doctors and politicians have made it illegal to assemble in groups to protest anything. That's "democracy" for you.

The problems with Usatf go way back further than this current situation. The main problem is that an individual member's vote doesn't count as an individual vote. There isn't the possibility of change because those few people in charge don't want it. They perpetually promote themselves rather than the sport or athletes in a never ending circle jurk.

Has this been fact checked with USATF?

With the exception of a handful of folks at the association and regional levels, USATF functions like a poorly administered home owners association: a small number of aging cranks and a few slick talkers cater to their own whims while fiercely protecting their personal power.

No real democratic processes.

No oversight.

Member meetings with pre-determined outcomes.

Barely any attention paid to the masses/grassroots.

dangstraight wrote:

You apply for the PPP loan at letsrun?

Yes. But they ran out of money. Who is overseeing the program? How do we know the banks just don’t put their buddy’s businesses at the top of the line?

I'm confused. Why are more people not saying "let's drop his salary by $700K and give $100K to each of those employees"

If this guy hasn't put enough of his $1.1M salary into savings over the last few years to be able to withstand a few months of *only* $400K in pay then he is unquestionably not fiscally qualified to be running anything, especially not a governing body. Like maybe he should have been cutting back on those coffees and avocado toast so he had 6 months of expenses in savings... just a thought.

I get the reason people give behind high CEO salaries, let's not have that debate here, but I don't understand how you justify the CEO not being the first one to take a cut, and take the biggest cut, when they have had the opportunity to be putting away gobs of money into savings every year.

A reasonable salary would be more in the $100,000 range. Not much more than that.

That Siegel makes that much in the first place is OUTRAGEOUS!

USATF is a corrupt joke...

USATF CEO Max Siegal $1.14 Million salary (now $900K)

NYRRC President $480,000

USATF annual revenue $36 Million

NYRRC annual revenue $129 Million

FireSiegal wrote:

USATF is a corrupt joke...

USATF CEO Max Siegal $1.14 Million salary (now $900K)

NYRRC President $480,000

USATF annual revenue $36 Million

NYRRC annual revenue $129 Million

Are these numbers for real?

I always thought the USATF are a joke. But at least Siegal makes some doe while he can.

USATF seems to be a tidy little club that governs their own existence and destiny rather then the paying membership governing through the ability to scrutinize and change the club. This Max guys salary is outrageous and he has been around far too long with little to show for the athletes. Surely there are many better qualified that could govern. Surely there are benevolent track types that get it about being about the athletes and not the gravy train

Gordon Gekko wrote:

FireSiegal wrote:

USATF is a corrupt joke...

USATF CEO Max Siegal $1.14 Million salary (now $900K)

NYRRC President $480,000

USATF annual revenue $36 Million

NYRRC annual revenue $129 Million

Are these numbers for real?

I always thought the USATF are a joke. But at least Siegal makes some doe while he can.

I pulled these from their IRS 990's that are posted to guidestar.org.

An article that references swimming and gymnastics CEO salaries as well (substantially less than Seigel):

http://www.globetrottingbyphiliphersh.com/home/2020/3/27/us-olympic-ceo-deserves-credit-for-decision-to-take-pay-cut-but-she-and-board-still-should-be-shown-the-door

i'm confused wrote:

I'm confused. Why are more people not saying "let's drop his salary by $700K and give $100K to each of those employees"

I was going to say the same thing. Dude fires 7 employees when his salary alone would be more than enough to pay for theirs. Come on.

USATF and its bloated salaries are a complete joke. I might have a little sympathy if they were headquartered in NYC or someplace like that. It's Indianapolis. I live in Indianapolis. I live like a king on 1/9 of what Max makes. I probably bring more value to my employer, too.

$1 per year for executives of charity leagues is appropriate. We have thousands of retirees who can fill those slots.