For comparison's sake, Madeleine Jacobs was paid $888,199 in reportable compensation in 2015. This was the first full year that current ACS CEO Thomas Connelly has had his compensation reported. He was paid $893,157 in 2016. Nice work if you can get it.
Looks like reportable compensation for the highest-paid ACS officers trended down between 2015 and 2016.
Wow! Nice hefty salary and I wonder if they know chemistry? The Guzman gut tops the chart! Great, I know where my subscription is going and last week I was told that dues for ACS is due by Nov. 2017 end. Readers, can you help me make up my mind?
ReplyDeleteI think I've made up my mind.
DeleteAnd finishing my 40th year too.
Hmmm...maybe if I sign up again, I'll get another pen.
I'll play devil's advocate here. Do they really need to know chemistry for the position? Do you think they run chemical reactions on a daily basis? Keep in mind that the education and safety initiatives are done by committees.
Deleteit is a pretty great business model: get free content, get free content editing, charge ppl who created and edit content for said content....pretty smart.
ReplyDeleteThat said, ACS rev declined from $600 mill in 2014 to $533 mill in 2016 and profit went from $89 mill to $ mill, woof. I guess it's nice to give the CEO a pay increase while revenue declines....
Maybe if they actually provided a useful service to chemists then we would be willing to pay the exorbitant membership fee
ReplyDeleteA line on the C.V.?
DeleteOther societies are in decline as well. They're all fumbling for a business model that works...probably not as urgently enough. If ResearchGate weren't so slimy, it could probably take over for them if it got into the conference business.
I'm an active participant in a few small, industry-focused professional societies that help me learn about new developments in my field. The dues are usually cheap when a society is small enough to not require an army of highly-paid professional managers. I don't see much benefit to being an ACS member except for making a one-liner resume claim no one cares about.
ReplyDeleteI really don't see how being an ACS member is relevant to your CV. It is tantamount to telling your future employer that you signed up for Amazon Prime.
DeleteGood one! That's pretty much my reaction when I see it on someone's resume!
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