Why is this happening?? CEO'S are paid based on their contribution to the success of the organization.. We can win 30 medals at a major with a monkey at the helm.. Less than a week after laying off more than 10 percent of its staff, USA Track & Field released tax records Wednesday that indicate chief executive Max Siegel earned more than $1.2 million in salary in 2018, plus another $3 million in deferred compensation.https://www.washingtonpost.com/sports/2020/04/23/usa-track-field-defends-ceos-42-million-2018-salary-number/?outputType=amp LRC Note by Rojo. I've found a 2nd article on the contract that is very interesting. See my comments below. Ok. I found a new article analyzing this $4.2 million saga by Rich Perelman and it's very good. Everyone needs to read it (link at the bottom). I was most fascinated by two things in the piece.1) Was it even Siegel's idea to extend with Nike? There are conflicting reports but it's entirely possible that the two Nike execs asked to be introduced to Siegel as they had an idea to pitch Nike on the multi-year endorsement contract.
2) Was it possible this $3 million in deferred compensation agreed to only when Vin Lananna was put on leave?
http://www.thesportsexaminer.com/lane-one-when-you-disassemble-max-siegels-4-2-million-comp-reported-for-2018-it-all-comes-back-to-nike-and-the-usatf-board/