Golf Digest Published the Golf Executive Salary List
By mustang6560 on 6/29/11
Golf Digest just published the salaries of golf's top executives from 2009 and I must say, I was surprised to see how much PGA Tour Commissioner Tim Finchem makes.
In total, Tim made $5,130,504 in 2009. If the PGA Tour's payroll operates like oobgolf and pays its employees every other week, then each paycheck he receives is for $197,327.07. That's many times more than my annual salary rolled into one paycheck! Holy cow!
None of the other executive salaries seem unreasonable to me, though. An executive making six and seven figure salaries is pretty common and I think it's justified considering how much value a good executive brings to a company.
What's odd though is the next closest person to Tim in terms of money is Ed Moorhouse, who gets paid nearly $4 millions less per year. How is Tim so much more valuable than the rest of his top executives?
While Tim's salary seems like a lot, it's nothing compared to the other major sports in the USA. MLB Commissioner Bud Selig makes $18.3 million, the NFL's Roger Goodell makes $10.9 million, the NBA's David Stern makes $10 million and the NHL's Gary Bettman is the lowest paid commissioner of the four majors sports at $7.2 million. Sounds like Selig's salary is on steroids - ZING!
All I know is a future in the golf business is worth big money. Heck, Tim could keep the first number of his salary and I'd settle for the remaining six - $130k is nice money!
[ comments ]
Why would they need co-COOs, and a Chief of Operations? I don't have a problem with good salaries, but looking over this list I think the PGA is benefitting from the Woods PGA purse inflation effect as much as the pros - are all these chiefs really necessary?
This list hardly needs comment. Congrats to the 4 women who make the list (starting at least 20 salaries down from the top).
Remember, the PGA Tour is a charitable enterprise, thanks to Deane Beman. His salary really should be compared to the CEO of the American Red Cross or the United Way.
I personally don't agree with granting the Tour that status, despite all the money that flows to charity from their efforts. But that is a debate for another day.
Oh, by the way, @mustang6560, we all think your salary should be at least $5,000 a week. I mean, when was the last time Tim Finchem posted anything on Oob?
Better discuss that with the boss!
+5k to bk!
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