Re: LTAR

["'A. Joseph Ross'" <lawyer@world.std.com>]

On Tue, 13 May 1997 Jibguy@aol.com wrote:

> The station was KTOZ in Springfield, MO, and, true the Labor Dep't backed off
> NOT because KTOZ was in the clear, but rather because of bad press the Labor
> Dep't got with a feature on the CBS evening news regarding KTOZ.   The press
> may not be so willing to cover it next time, as its old hat, and therefore
> the Labor Dep't may be free to swoop in and do their dastardly deeds without
> publicity.

Or maybe they won't want to get stung again.
 
> On non-profit orgs.....   aren't they the ones with the most money, and the
> best studio equipment;  in most major and medium markets?  And aren't there
> CEO's of public broadcasting stations making a ton of $$$,$$$.$$?   Whad'ya
> mean non-profits can't disperse money to individuals within?  It's called
> salaries....   perfectly legal.

Oh, it's legal to pay salaries.  But supposedly, the IRs scrutinizes them
to see that they are 'reasonable' salaries, not disguized profits.  What
it comes down to, in this era of outrageously high salaries in top
management, is that the little guy with the small nonprofit corporation is
going to get hit by this, while the large nonprofit will get away with
paying its CEO a higher salary.  Even so, I'll bet the head of Channel 2
doesn't make what the CEO of CBS/Westinghouse makes.

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  A. Joseph Ross, J.D.                                          617/367-0468
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