Fornits
Treatment Abuse, Behavior Modification, Thought Reform => Hyde Schools => Topic started by: Anonymous on February 12, 2007, 06:59:23 PM
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Here is a copy of the most recent IRS Form 990 submitted by Hyde School and posted on the GuideStart website: http://www.guidestar.org/FinDocuments/2 ... 75b0-9.pdf (http://www.guidestar.org/FinDocuments/2005/016/021/2005-016021559-020875b0-9.pdf)
You will see that for calendar year 2004, Malcolm Gauld's compensation was $238,276 and the contribution to his employee benefit plan was $59,387 (page 31)
I am stunned by this income.
Do you think Hyde parents know this? How do you think they would react if they knew?
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It certainly puts their exhortions to dig deeper in a... certain light. I wonder how the charter school parents might feel about this information, too.
Something that struck me: why is there an Ogden Utah stamp on the first page. Is this where schools send their IRS filings? Or is Hyde a corporation that is based there?
I think you meant to say p20 or 21 for his particulars...
I am a little in shock myself. Although, I must confess, I don't really have any perspective on how to judge it.
Thanks ever so much for supplying us with this info!
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Lending some perspective...
http://www.washingtonpost.com/wp-dyn/co ... v=hcmodule (http://www.washingtonpost.com/wp-dyn/content/article/2007/01/19/AR2007011901910.html?nav=hcmodule)
Headmasters' Salaries on the Rise
Higher Pay Not Sating Demand for Private School Leaders
By Valerie Strauss
Washington Post Staff Writer
Saturday, January 20, 2007; Page A01
The heads of some Washington area private schools receive annual compensation packages of more than $300,000, including the use of houses and cars and other perks -- and the trend is for salaries to rise, according to school data and interviews with compensation experts.
The region's best-paid private school heads typically make more than public school superintendents, who oversee scores of schools, but less than top college presidents. The pay increase is the result of many factors, including broader professional demands on private school leaders and the general trend toward higher pay for top executives in the private sector, private school officials say.
But escalating salaries have been insufficient to stem a growing shortage of qualified and willing candidates to take the jobs at private elementary, secondary, day and boarding schools, experts say. The problem is so acute that more than one school had to conduct successive headmaster searches when leading candidates dropped out.
Stone Ridge School of the Sacred Heart, a Catholic school for girls in Montgomery County, had three head searches in five years, said sources who asked not to be identified because of confidentiality rules surrounding the searches. Officials at other private schools would not speak on the record about their process, but two said they'd had to conduct multiple searches.
"The main point is supply and demand," said Patrick Bassett, president of the National Association of Independent Schools, a nonprofit organization that represents nearly 1,200 independent schools across the country. "It's easy enough to find a history teacher. . . . It's not easy to find an experienced and successful head of school ready to jump ship."
In the past, headmasters simply had to be educational leaders. But today, in addition to being an academic leader, a school head is expected to be a top-flight fundraiser, a bond expert who can raise money for new buildings and a personnel whiz who connects with students, parents, faculty, staff and alumni.
"It's like the old Ed Sullivan shows," said Peter Calfee of Calfee Financial Advisors Inc., a consulting company in Cleveland that helps private schools find administrators. "Remember the guy with the plates spinning on the sticks? It's like that with the critical issues at a school. You can't afford to have one plate crack or drop."
There has also been a cultural shift. Until the mid-1990s, most private school heads received relatively modest salaries. But as corporate chiefs began to pull in seven- and eight-figure salaries, many began to question why so little was being paid to those charged with educating the nation's children. New hires and the heads of the most prestigious schools have been the beneficiaries.
Competing with the desire to reward qualified heads is a concern among boards of trustees about Internal Revenue Service regulations that govern executive compensation. The IRS prohibits excessive compensation or other benefits to individuals running tax-exempt organizations, including independent schools. Anything deemed excessive by the IRS is subject to a tax and other sanctions, but the IRS doesn't define excessive benefits.
The average annual base salary for private school heads across the country in 2006-07 was $167,000, according to the National Association of Independent Schools. The average salary of a public school superintendent in 2005-06 was $116,244, according to the nonprofit Educational Research Service and the publication Education Week. And some presidents of public and private colleges make at least $500,000, the Chronicle of Higher Education recently reported.
F. Robertson Hershey, head of Episcopal High School in Alexandria, a boarding school of 438 students, receives at least $425,101 in base salary, according to federal tax forms for the year ending June 2005, the latest publicly available. Expense accounts and other allowances were $24,987, and benefit contributions and deferred compensation added up to $55,320. Compensation experts said IRS forms reveal most, but not all, compensation.
Montgomery County Superintendent Jerry D. Weast, who oversees 199 schools, receives a base salary of $237,794.
Among private school heads, Hershey's earnings are not alone in exceeding the average:
· Georgetown Day School in the District paid Peter Branch $296,202, plus $75,150 in expenses for the year ending June 2005.
· Charles E. Smith Jewish Day School in Rockville paid Jonathan Cannon $300,198, plus $56,734 in employee benefits for the year ending June 2005.
· Bruce Stewart of Sidwell Friends School, with campuses in Bethesda and the District, received a base salary of $220,189, plus employee benefit contributions and deferred compensation of $25,616 for the year ending June 2004, the latest figures publicly available.
John L. Townsend III, chairman of the board of trustees at Episcopal High School, said that Hershey is well compensated because he is worth it, noting that Hershey had successfully expanded the school.
The Washington region has nearly 90 independent schools -- elementary, secondary, day and boarding -- that educate more than 34,000 students and employ 7,700 people, according to the Association of Independent Schools of Greater Washington.
Elite schools in the area are as difficult to get into as Harvard University, with 10 applications for every spot, officials say. As enrollment rises at top schools, so does tuition. The 2006-07 tuition at St. Albans School in the District, for example, is $26,501 for a day student, $13,000 more than a decade ago.
Some of the smaller institutions report lower demand, however, in part because of costs.
Although some have questioned the rising headmaster salaries, Bassett said it is the shrinking pool of qualified leaders that should cause concern. A 2002 survey by his organization found that as many as 80 percent of current heads were expected to change jobs or retire by 2012.
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Private Pay
Following are compensation packages for the heads of some independent schools in the Washington area as reported to the IRS for the school year ending June 30, 2005, unless otherwise noted.
The District
Georgetown Day School
Grades pre-K-12; 1,025 students
Head: Peter Branch
Compensation: $296,202
Employee benefit contributions: $17,773
Expense account: $75,150
Sidwell Friends School
For the year ending June 2004
Grades pre-K-12; 1,100 students
Head: Bruce Stewart
Compensation: $220,189
Employee benefit contributions and deferred compensation: $25,616
Expense account: $0
The school does not provide housing but financed the purchase of a home for Stewart and holds a note receivable with an interest rate of 5.25 percent.
Virginia
The Potomac School
Grades K-12; 875 students
Head: Geoffrey Jones
Compensation: $209,656
Employee benefit contributions: $152,107
Expense account: $48,270
Episcopal High School
Grades 9-12; 435 boarding students
Head: F. Robertson Hershey
Compensation: $425,101
Employee benefit contributions and deferred compensation: $55,320
Expense account and other allowances: $24,987
Plus use of house
Maryland
The Bullis School
Grades 4-12; 600 students
Head: Thomas Farquhar
Compensation: $283,212
Employee benefit contributions: $61,381
Expense account and other allowances: $53,762.
Charles E. Smith Jewish Day School
Grades K-12; 1,515 students
Head: Jonathan Cannon
Compensation: $300,198
Employee benefit contribution: $56,734
Expense account: $0
Note: Consultants to private schools say the figures reported to the government represent about 70 percent of total compensation. Student enrollments are approximate. Most faith-based nonprofit organizations, including schools, are not required to file 990 forms.
SOURCE: www.guidestar.org (http://www.guidestar.org)
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It certainly puts their exhortions to dig deeper in a... certain light. I wonder how the charter school parents might feel about this information, too.
Something that struck me: why is there an Ogden Utah stamp on the first page. Is this where schools send their IRS filings? Or is Hyde a corporation that is based there?
I think you meant to say p20 or 21 for his particulars...
I am a little in shock myself. Although, I must confess, I don't really have any perspective on how to judge it.
Thanks ever so much for supplying us with this info!
Right, so much for "fair share." Gauld's compensation package really makes me feel good about the financial sacrifices our family made in order to contribute to Hyde. I regret that I ever wrote the place a check.
The reference to page 31, which includes Gauld's income figures, is to the sequential page numbers at the bottom of each page.
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Lending some perspective...
http://www.washingtonpost.com/wp-dyn/co ... v=hcmodule (http://www.washingtonpost.com/wp-dyn/content/article/2007/01/19/AR2007011901910.html?nav=hcmodule)
Headmasters' Salaries on the Rise
Higher Pay Not Sating Demand for Private School Leaders
By Valerie Strauss
Washington Post Staff Writer
Saturday, January 20, 2007; Page A01
The heads of some Washington area private schools receive annual compensation packages of more than $300,000, including the use of houses and cars and other perks -- and the trend is for salaries to rise, according to school data and interviews with compensation experts.
The region's best-paid private school heads typically make more than public school superintendents, who oversee scores of schools, but less than top college presidents. The pay increase is the result of many factors, including broader professional demands on private school leaders and the general trend toward higher pay for top executives in the private sector, private school officials say.
But escalating salaries have been insufficient to stem a growing shortage of qualified and willing candidates to take the jobs at private elementary, secondary, day and boarding schools, experts say. The problem is so acute that more than one school had to conduct successive headmaster searches when leading candidates dropped out.
Stone Ridge School of the Sacred Heart, a Catholic school for girls in Montgomery County, had three head searches in five years, said sources who asked not to be identified because of confidentiality rules surrounding the searches. Officials at other private schools would not speak on the record about their process, but two said they'd had to conduct multiple searches.
"The main point is supply and demand," said Patrick Bassett, president of the National Association of Independent Schools, a nonprofit organization that represents nearly 1,200 independent schools across the country. "It's easy enough to find a history teacher. . . . It's not easy to find an experienced and successful head of school ready to jump ship."
In the past, headmasters simply had to be educational leaders. But today, in addition to being an academic leader, a school head is expected to be a top-flight fundraiser, a bond expert who can raise money for new buildings and a personnel whiz who connects with students, parents, faculty, staff and alumni.
"It's like the old Ed Sullivan shows," said Peter Calfee of Calfee Financial Advisors Inc., a consulting company in Cleveland that helps private schools find administrators. "Remember the guy with the plates spinning on the sticks? It's like that with the critical issues at a school. You can't afford to have one plate crack or drop."
There has also been a cultural shift. Until the mid-1990s, most private school heads received relatively modest salaries. But as corporate chiefs began to pull in seven- and eight-figure salaries, many began to question why so little was being paid to those charged with educating the nation's children. New hires and the heads of the most prestigious schools have been the beneficiaries.
Competing with the desire to reward qualified heads is a concern among boards of trustees about Internal Revenue Service regulations that govern executive compensation. The IRS prohibits excessive compensation or other benefits to individuals running tax-exempt organizations, including independent schools. Anything deemed excessive by the IRS is subject to a tax and other sanctions, but the IRS doesn't define excessive benefits.
The average annual base salary for private school heads across the country in 2006-07 was $167,000, according to the National Association of Independent Schools. The average salary of a public school superintendent in 2005-06 was $116,244, according to the nonprofit Educational Research Service and the publication Education Week. And some presidents of public and private colleges make at least $500,000, the Chronicle of Higher Education recently reported.
F. Robertson Hershey, head of Episcopal High School in Alexandria, a boarding school of 438 students, receives at least $425,101 in base salary, according to federal tax forms for the year ending June 2005, the latest publicly available. Expense accounts and other allowances were $24,987, and benefit contributions and deferred compensation added up to $55,320. Compensation experts said IRS forms reveal most, but not all, compensation.
Montgomery County Superintendent Jerry D. Weast, who oversees 199 schools, receives a base salary of $237,794.
Among private school heads, Hershey's earnings are not alone in exceeding the average:
· Georgetown Day School in the District paid Peter Branch $296,202, plus $75,150 in expenses for the year ending June 2005.
· Charles E. Smith Jewish Day School in Rockville paid Jonathan Cannon $300,198, plus $56,734 in employee benefits for the year ending June 2005.
· Bruce Stewart of Sidwell Friends School, with campuses in Bethesda and the District, received a base salary of $220,189, plus employee benefit contributions and deferred compensation of $25,616 for the year ending June 2004, the latest figures publicly available.
John L. Townsend III, chairman of the board of trustees at Episcopal High School, said that Hershey is well compensated because he is worth it, noting that Hershey had successfully expanded the school.
The Washington region has nearly 90 independent schools -- elementary, secondary, day and boarding -- that educate more than 34,000 students and employ 7,700 people, according to the Association of Independent Schools of Greater Washington.
Elite schools in the area are as difficult to get into as Harvard University, with 10 applications for every spot, officials say. As enrollment rises at top schools, so does tuition. The 2006-07 tuition at St. Albans School in the District, for example, is $26,501 for a day student, $13,000 more than a decade ago.
Some of the smaller institutions report lower demand, however, in part because of costs.
Although some have questioned the rising headmaster salaries, Bassett said it is the shrinking pool of qualified leaders that should cause concern. A 2002 survey by his organization found that as many as 80 percent of current heads were expected to change jobs or retire by 2012.
---------------------------
Private Pay
Following are compensation packages for the heads of some independent schools in the Washington area as reported to the IRS for the school year ending June 30, 2005, unless otherwise noted.
The District
Georgetown Day School
Grades pre-K-12; 1,025 students
Head: Peter Branch
Compensation: $296,202
Employee benefit contributions: $17,773
Expense account: $75,150
Sidwell Friends School
For the year ending June 2004
Grades pre-K-12; 1,100 students
Head: Bruce Stewart
Compensation: $220,189
Employee benefit contributions and deferred compensation: $25,616
Expense account: $0
The school does not provide housing but financed the purchase of a home for Stewart and holds a note receivable with an interest rate of 5.25 percent.
Virginia
The Potomac School
Grades K-12; 875 students
Head: Geoffrey Jones
Compensation: $209,656
Employee benefit contributions: $152,107
Expense account: $48,270
Episcopal High School
Grades 9-12; 435 boarding students
Head: F. Robertson Hershey
Compensation: $425,101
Employee benefit contributions and deferred compensation: $55,320
Expense account and other allowances: $24,987
Plus use of house
Maryland
The Bullis School
Grades 4-12; 600 students
Head: Thomas Farquhar
Compensation: $283,212
Employee benefit contributions: $61,381
Expense account and other allowances: $53,762.
Charles E. Smith Jewish Day School
Grades K-12; 1,515 students
Head: Jonathan Cannon
Compensation: $300,198
Employee benefit contribution: $56,734
Expense account: $0
Note: Consultants to private schools say the figures reported to the government represent about 70 percent of total compensation. Student enrollments are approximate. Most faith-based nonprofit organizations, including schools, are not required to file 990 forms.
SOURCE: www.guidestar.org (http://www.guidestar.org)
The Washington Post article is very interesting. Note that the article states, "The average annual base salary for private school heads across the country in 2006-07 was $167,000, according to the National Association of Independent Schools."
Malcolm Gauld's salary for 2004 -- two or so years earlier -- was $238,276. So, when you factor in inflation, the discrepancy is bigger. Hyde appears to be a cash cow. I wonder how generous Hyde is with teacher salaries.l
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Here is a copy of the most recent IRS Form 990 submitted by Hyde School and posted on the GuideStart website: http://www.guidestar.org/FinDocuments/2 ... 75b0-9.pdf (http://www.guidestar.org/FinDocuments/2005/016/021/2005-016021559-020875b0-9.pdf)
You will see that for calendar year 2004, Malcolm Gauld's compensation was $238,276 and the contribution to his employee benefit plan was $59,387 (page 31)
I am stunned by this income.
Do you think Hyde parents know this? How do you think they would react if they knew?
First of all, give credit where credit is due. You only mentioned Malcolm's salary. What about the salary Hyde School pays Laura? Did you salary information include both campuses? What about all the income from the Charter Schools which are run with YOUR tax paying dollars.
Don't forget all the benefits like free housing, free food, free transportation, free everything. Don't you have to claim this as compensation? I also understand that Hyde makes a ton of money in rent from the boarding schools, etc. I believe there is also compensation from each charter school.
Ha, ha, ha, who is the joke on? I guess all the parents. It is laughable that they put so much pressure on the parents to give, give, give!!
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Okay, here's another, more local, source. Median range still way below Malcolm's: "The middle 50 percent of salaries range from $110,513 to $181,186."
http://www.seacoastonline.com/2003news/ ... /48142.htm (http://www.seacoastonline.com/2003news/09032003/news/48142.htm)
Headmaster?s $500K salary not a shocker
By Jesse J. DeConto
jdeconto@seacoastonline.com
The trustee chairman of a local private school said the recent news of St. Paul?s prep school headmaster Craig Anderson?s half million dollar compensation package makes it easier to justify his chief administrator?s salary to potential donors.
The Wall Street Journal reported Anderson received $524,000 in salary, benefits and deferred compensation last year. This is more than four times the national average for pure boarding schools, according to the National Association of Independent Schools (NAIS). It is much higher than the principal?s salary at Phillips Exeter Academy and compares closely with that of the Dartmouth College president.
The NAIS, which includes both Berwick Academy and Phillips Exeter Academy, calculates average salaries for private school principals. NAIS spokeswoman Myra McGovern said the highest headmaster?s salary reported for the 2002-03 school year was $325,000. The median salaries are $143,050 for day school headmasters and $100,000 for boarding schools. The middle 50 percent of salaries range from $110,513 to $181,186.
"Any of those numbers seem excessive, depending on where you sit in life," said Chuck Clement, owner of Eastern Propane and chair of the Berwick board of trustees. "Being overpaid is certainly a matter of perception."
Although, on average, day school salaries are higher than at boarding schools because of room and board provisions, Richard "Hap" Ridgway, head of school at Berwick Academy, a country day school, earns far less than Anderson, who lives in his school?s 14,000-square-foot mansion. The board of trustees at Berwick has been trying to raise Ridgway?s salary to the national average over time. For private day schools like Berwick, which serve students in kindergarten through 12th grade, the median principal?s salary is $158,420.
"We have not gotten Hap to the median standard at this point," Clement said. "He actually has refused some of his increases."
Clement said Ridgway?s below-average salary and stellar performance make it easier to approach potential donors during capital campaigns. The board chairman does not envy those now faced with raising money for St. Paul?s School.
"It would be a little more difficult for folks to pick up the phone over there and ask the parents for an annual donation," Clement said.
The Berwick board of trustees could not contemplate paying its headmaster as much as Anderson because the school has an endowment about 3 percent of the size of St. Paul?s - $339 million - and relies heavily on tuition payments to operate.
"Their business plan over there clearly would be different than our business plan," Clement said. "We have a lot of people at Berwick Academy who work two jobs to send their kids there."
Demanding parents who want the best for their children can put a lot of pressure on a headmaster, and dealing with that stress is worth a substantial salary, Clement said.
"I always tell him he?s got 1,100 bosses," Clement said. "I don?t know about you, but one or two is more than enough."
Anderson?s "bosses" at St. Paul?s are split with regard to his pay level. Some parents are calling for his ouster, while others applaud his fund-raising campaigns that have quadrupled annual donations during his six-year tenure.
"A good fund-raiser for a school is incredibly valuable," Ridgway said. "That?s not anybody?s favorite job. ... The stresses on being a head of school have gotten to the point where people are leaving because it?s just not worth it."
"It?s really comparable to a lot of the skills required of CEOs these days," said the NAIS? McGovern. "The job is so complex and requires so much, it?s really a 24-7 job. There are fewer candidates that are aspiring to headship."
Still, Ridgway called Anderson?s salary very generous.
"St. Paul?s is an incredibly well-endowed school," he said. "They?re one of the most fortunate schools in the country. They pay their teachers very well, and, obviously, they pay their administrators very well."
Headmaster/Principal Salaries**
School Salary Total compensation
Berwick Academy $117,500 $140,224 (2001)
Dartmouth College $351,390 $563,103 (2001)
Exeter H.S. $86,300 $98,275
Marshwood H.S. $75,363 $94,204*
Newmarket H.S. $76,791 $95,989*
Phillips Exeter $194,072 $336,142 (2002)
Portsmouth H.S. $82,000 $102,500*
St. Paul?s - Concord N/A $524,000 (2003)
Traip Academy $76,125 $95,156*
UNH $200,000 $250,000*(2003)
Winnacunnet H.S. $85,280 $105,000
*Total compensation is calculated by increasing the salary figure by 25 percent, to reflect the typical benefits package.
**All figures are for fiscal year 2004 unless otherwise noted.
Sources: School officials and guidestar.org
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Malcolm Gauld's salary for 2004 -- two or so years earlier -- was $238,276. So, when you factor in inflation, the discrepancy is bigger. Hyde appears to be a cash cow. I wonder how generous Hyde is with teacher salaries.
Hyde is not generous at all with their teachers which is why so few of them stay more than a year. I have never seen such quick turnover of employees. What does this say about the education at Hyde?
As far as Malcolm's salary, I assume this $238,000 does not include all the free services he gets. I wonder the same thing as another poster. How much is Laura making and what other funds are they getting from all the other sources ie charter schools, foundations, etc.
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How much is Laura making
$78,000; contribution to employee benefit plan $12,979.
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Here is a copy of the most recent IRS Form 990 submitted by Hyde School and posted on the GuideStart website: http://www.guidestar.org/FinDocuments/2 ... 75b0-9.pdf (http://www.guidestar.org/FinDocuments/2005/016/021/2005-016021559-020875b0-9.pdf)
You will see that for calendar year 2004, Malcolm Gauld's compensation was $238,276 and the contribution to his employee benefit plan was $59,387 (page 31)
I am stunned by this income.
Do you think Hyde parents know this? How do you think they would react if they knew?
First of all, give credit where credit is due. You only mentioned Malcolm's salary. What about the salary Hyde School pays Laura? Did you salary information include both campuses? What about all the income from the Charter Schools which are run with YOUR tax paying dollars.
Don't forget all the benefits like free housing, free food, free transportation, free everything. Don't you have to claim this as compensation? I also understand that Hyde makes a ton of money in rent from the boarding schools, etc. I believe there is also compensation from each charter school.
Ha, ha, ha, who is the joke on? I guess all the parents. It is laughable that they put so much pressure on the parents to give, give, give!!
Most of your children would be willing to pay that much and plenty besides to undo the years of Hyde.
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Here is a copy of the most recent IRS Form 990 submitted by Hyde School and posted on the GuideStart website: http://www.guidestar.org/FinDocuments/2 ... 75b0-9.pdf (http://www.guidestar.org/FinDocuments/2005/016/021/2005-016021559-020875b0-9.pdf)
You will see that for calendar year 2004, Malcolm Gauld's compensation was $238,276 and the contribution to his employee benefit plan was $59,387 (page 31)
I am stunned by this income.
Do you think Hyde parents know this? How do you think they would react if they knew?
First of all, give credit where credit is due. You only mentioned Malcolm's salary. What about the salary Hyde School pays Laura? Did you salary information include both campuses? What about all the income from the Charter Schools which are run with YOUR tax paying dollars.
Don't forget all the benefits like free housing, free food, free transportation, free everything. Don't you have to claim this as compensation? I also understand that Hyde makes a ton of money in rent from the boarding schools, etc. I believe there is also compensation from each charter school.
Ha, ha, ha, who is the joke on? I guess all the parents. It is laughable that they put so much pressure on the parents to give, give, give!!
Most of your children would be willing to pay that much and plenty besides to undo the years of Hyde.
Please give and give generously to help the important work Hyde is doing:
http://www.hyde.edu/podium/default.aspx?t=40167 (http://www.hyde.edu/podium/default.aspx?t=40167)
There are many ways to give. Choose the one that is best for you.
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Here is a copy of the most recent IRS Form 990 submitted by Hyde School and posted on the GuideStart website: http://www.guidestar.org/FinDocuments/2 ... 75b0-9.pdf (http://www.guidestar.org/FinDocuments/2005/016/021/2005-016021559-020875b0-9.pdf)
You will see that for calendar year 2004, Malcolm Gauld's compensation was $238,276 and the contribution to his employee benefit plan was $59,387 (page 31)
I am stunned by this income.
Do you think Hyde parents know this? How do you think they would react if they knew?
First of all, give credit where credit is due. You only mentioned Malcolm's salary. What about the salary Hyde School pays Laura? Did you salary information include both campuses? What about all the income from the Charter Schools which are run with YOUR tax paying dollars.
Don't forget all the benefits like free housing, free food, free transportation, free everything. Don't you have to claim this as compensation? I also understand that Hyde makes a ton of money in rent from the boarding schools, etc. I believe there is also compensation from each charter school.
Ha, ha, ha, who is the joke on? I guess all the parents. It is laughable that they put so much pressure on the parents to give, give, give!!
Most of your children would be willing to pay that much and plenty besides to undo the years of Hyde.
Please give and give generously to help the important work Hyde is doing:
http://www.hyde.edu/podium/default.aspx?t=40167 (http://www.hyde.edu/podium/default.aspx?t=40167)
There are many ways to give. Choose the one that is best for you.
And all you alums out there. Remember you would be nothing if it was not for Hyde. You would be worthless worm meat if Hyde had not entered your life, so now it is time to "Give Back." Hyde is the special place that saved your worthless life from the ignoble end you were destined for before you accepted Joe as your Personal Saviour. Dig deep!
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Here is a copy of the most recent IRS Form 990 submitted by Hyde School and posted on the GuideStart website: http://www.guidestar.org/FinDocuments/2 ... 75b0-9.pdf (http://www.guidestar.org/FinDocuments/2005/016/021/2005-016021559-020875b0-9.pdf)
You will see that for calendar year 2004, Malcolm Gauld's compensation was $238,276 and the contribution to his employee benefit plan was $59,387 (page 31)
I am stunned by this income.
Do you think Hyde parents know this? How do you think they would react if they knew?
Hey,
Don't forget Mal's dad is sucking on the Hyde tit, his two sisters, his two brothers in law and his wife too. I bet that Gauld haul is seven figures per year.
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I think you are just about right (7 fig.).
I wish we had an accountant amongst us to translate...
There are 11 pages missing out of the interior of the form, I'm not sure that means anything. The return is numbered into the 30's, the download is 26 pages long. The gap consists of pages 13-23, inclusively.
Related organizations are listed as: Hyde Foundation, Fast Inc., Hyde School at Woodstock, Hyde Realty Trust. The tax return is solely for The Hyde School in Bath, Maine; I am not sure whether the other entities have been filed separately (guidestar angel?).
On page 7, they need to list the 5 highest paid employees. These are: Kenneth Grant, Exec Director; $80,500 compensation/$13,111 employee benefit plan contribution; Joseph Gauld, Founder; $75,000/$8,708; Claire Grant, Assistant Director; $72,300/$3,939; Laura Gauld, Exec /Director; $78,000/$12,979; Lavoe Davis, Exec Director; $80,000/$7,623. Number of additional employees paid over $50,000 is noted as 2 (no details).
On pages 31-32 (pp20-21 of the download): List of officers, directors, trustees, and key employees. Most of these make $0, with the following exceptions: Malcolm Gauld, president; $238,276/$59,387; Laurie Hurd, headmaster; $108,315/$13,708; Robert Pauline, CFO; $99,500/$12,951.
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I am guessing the offspring do not pay tuition. There is also a $7000 childcare deduction noted as one of the expenses. I am assuming that is for Malcolm and Laura's son.
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I think you are just about right (7 fig.).
I wish we had an accountant amongst us to translate...
There are 11 pages missing out of the interior of the form, I'm not sure that means anything. The return is numbered into the 30's, the download is 26 pages long. The gap consists of pages 13-23, inclusively.
Related organizations are listed as: Hyde Foundation, Fast Inc., Hyde School at Woodstock, Hyde Realty Trust. The tax return is solely for The Hyde School in Bath, Maine; I am not sure whether the other entities have been filed separately (guidestar angel?).
On page 7, they need to list the 5 highest paid employees. These are: Kenneth Grant, Exec Director; $80,500 compensation/$13,111 employee benefit plan contribution; Joseph Gauld, Founder; $75,000/$8,708; Claire Grant, Assistant Director; $72,300/$3,939; Laura Gauld, Exec /Director; $78,000/$12,979; Lavoe Davis, Exec Director; $80,000/$7,623. Number of additional employees paid over $50,000 is noted as 2 (no details).
On pages 31-32 (pp20-21 of the download): List of officers, directors, trustees, and key employees. Most of these make $0, with the following exceptions: Malcolm Gauld, president; $238,276/$59,387; Laurie Hurd, headmaster; $108,315/$13,708; Robert Pauline, CFO; $99,500/$12,951.
Hyde realty trust probably owns some of the property and most probably that the Gaulds somehow make money off of that too. Don't forget that the school board pays them a pretty penny to run the charter schools. Whos pockets is that going into?
I don't understand what in the world this family does with all their money and they sure have a ton of it! The women sure as hell don't spend it on their ugly size 22 baggy clothes! They have virtually no living expenses, (bet the IRS would like to know the truth about the benefits) including transportation, housing, food, etc not only for them but for their entire families. By the way, take a look at the expenses for travel on the 990 for all the schools. They sure are tapping into their "non profit" monies!!
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I think you are just about right (7 fig.).
I wish we had an accountant amongst us to translate...
There are 11 pages missing out of the interior of the form, I'm not sure that means anything. The return is numbered into the 30's, the download is 26 pages long. The gap consists of pages 13-23, inclusively.
Related organizations are listed as: Hyde Foundation, Fast Inc., Hyde School at Woodstock, Hyde Realty Trust. The tax return is solely for The Hyde School in Bath, Maine; I am not sure whether the other entities have been filed separately (guidestar angel?).
On page 7, they need to list the 5 highest paid employees. These are: Kenneth Grant, Exec Director; $80,500 compensation/$13,111 employee benefit plan contribution; Joseph Gauld, Founder; $75,000/$8,708; Claire Grant, Assistant Director; $72,300/$3,939; Laura Gauld, Exec /Director; $78,000/$12,979; Lavoe Davis, Exec Director; $80,000/$7,623. Number of additional employees paid over $50,000 is noted as 2 (no details).
On pages 31-32 (pp20-21 of the download): List of officers, directors, trustees, and key employees. Most of these make $0, with the following exceptions: Malcolm Gauld, president; $238,276/$59,387; Laurie Hurd, headmaster; $108,315/$13,708; Robert Pauline, CFO; $99,500/$12,951.
Hyde realty trust probably owns some of the property and most probably that the Gaulds somehow make money off of that too. Don't forget that the school board pays them a pretty penny to run the charter schools. Whos pockets is that going into?
I don't understand what in the world this family does with all their money and they sure have a ton of it! The women sure as hell don't spend it on their ugly size 22 baggy clothes! They have virtually no living expenses, (bet the IRS would like to know the truth about the benefits) including transportation, housing, food, etc not only for them but for their entire families. By the way, take a look at the expenses for travel on the 990 for all the schools. They sure are tapping into their "non profit" monies!!
Laurie is kind of hot if you ask me. I would have to have her from behind though.
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I think you are just about right (7 fig.).
I wish we had an accountant amongst us to translate...
There are 11 pages missing out of the interior of the form, I'm not sure that means anything. The return is numbered into the 30's, the download is 26 pages long. The gap consists of pages 13-23, inclusively.
Related organizations are listed as: Hyde Foundation, Fast Inc., Hyde School at Woodstock, Hyde Realty Trust. The tax return is solely for The Hyde School in Bath, Maine; I am not sure whether the other entities have been filed separately (guidestar angel?).
On page 7, they need to list the 5 highest paid employees. These are: Kenneth Grant, Exec Director; $80,500 compensation/$13,111 employee benefit plan contribution; Joseph Gauld, Founder; $75,000/$8,708; Claire Grant, Assistant Director; $72,300/$3,939; Laura Gauld, Exec /Director; $78,000/$12,979; Lavoe Davis, Exec Director; $80,000/$7,623. Number of additional employees paid over $50,000 is noted as 2 (no details).
On pages 31-32 (pp20-21 of the download): List of officers, directors, trustees, and key employees. Most of these make $0, with the following exceptions: Malcolm Gauld, president; $238,276/$59,387; Laurie Hurd, headmaster; $108,315/$13,708; Robert Pauline, CFO; $99,500/$12,951.
Hyde realty trust probably owns some of the property and most probably that the Gaulds somehow make money off of that too. Don't forget that the school board pays them a pretty penny to run the charter schools. Whos pockets is that going into?
I don't understand what in the world this family does with all their money and they sure have a ton of it! The women sure as hell don't spend it on their ugly size 22 baggy clothes! They have virtually no living expenses, (bet the IRS would like to know the truth about the benefits) including transportation, housing, food, etc not only for them but for their entire families. By the way, take a look at the expenses for travel on the 990 for all the schools. They sure are tapping into their "non profit" monies!!
Laurie is kind of hot if you ask me. I would have to have her from behind though.
Well that's a very intellgent comment! Great to have a good sense of humor, but not exactly the way to help make a difference on this board
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Not my rude comment, but consider the context.
From another Forum on this site, posted by 'Milk Gargling Death Penalty', more or less discussing the industry in general:
It's the atmosphere of this place, the sickness and foulness of the industry, and the resulting rage and contempt of the posters here.
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Not my rude comment, but consider the context.
From another Forum on this site, posted by 'Milk Gargling Death Penalty', more or less discussing the industry in general:
It's the atmosphere of this place, the sickness and foulness of the industry, and the resulting rage and contempt of the posters here.
I am sorry. My bad. It is just that not all of the middle age women at Hyde are fat and ugly. Both the headmasters are attractive women. The "from behind" remark is just that there is a family resemblance to Joe.
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Does anyone know where i can get more information of saleries and spendings, i am attempting to compile this type of info for a letter i am writing to the school
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Does anyone know where i can get more information of saleries and spendings, i am attempting to compile this type of info for a letter i am writing to the school
All you need to do is register on the GuideStar web site and search for all of Hyde School's documents. This is public information because of Hyde's IRS status.
Here's the web site: http://www.guidestar.org/index.jsp (http://www.guidestar.org/index.jsp)
What kind of letter are you planning to write? Is this the sort of thing that might be worth sharing widely among people who are interested in or concerned about what happens at Hyde?
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Does the average Hyde parent know about Malcolm Gauld's compensation package? I wonder what parents' reaction would be if they really know what these figures look like, particularly when Hyde pleads with parents to contribute their fair share.
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Does the average Hyde parent know about Malcolm Gauld's compensation package? I wonder what parents' reaction would be if they really know what these figures look like, particularly when Hyde pleads with parents to contribute their fair share.
I think it takes a certain kind of person to strong arm parents, who are already strapped with 2nd mortgages and extra loans to pay for their kids tuition costs, to "give 'till it hurts" when they themselves -- as a family -- are hauling in hundreds of thousands.
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Headmaster Compensations & Benefits
*Source - Guidestar.org
Kents Hill
152,000. Total
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Berwick Academy
153,000. Total
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Gould Academy
153,000. Total
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Fryburg Academy
158,000. Total
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Hebron Academy
166,000. Total
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Hyde School (Woodstock)
166,000. Total
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Cushing Academy
171,000. Total
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Brewster Academy
205,000. Total
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Northfield Mount Hermon
213,000. Total
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Superintendant-Boston Public Schools
275,000.
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Tabor Academy
294,000. Total
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Hyde School (Bath)
299,000. Total
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$166,000 + $299,000 = $465,000. Need we say more?
Interestingly, one of the lowest packages noted above is that of Berwick Academy. There was an article posted not too long ago on page 1 of this thread re. headmaster salaries, and it was brought up that the current head of Berwick keeps refusing to allow his salary to be increased. In the years when he has relented, he has allowed it to be increased by but small amounts. This article is from 2003:
Although, on average, day school salaries are higher than at boarding schools because of room and board provisions, Richard "Hap" Ridgway, head of school at Berwick Academy, a country day school, earns far less than Anderson, who lives in his school's 14,000-square-foot mansion. The board of trustees at Berwick has been trying to raise Ridgway's salary to the national average over time. For private day schools like Berwick, which serve students in kindergarten through 12th grade, the median principal's salary is $158,420.
"We have not gotten Hap to the median standard at this point," Clement said. "He actually has refused some of his increases."
Clement said Ridgway's below-average salary and stellar performance make it easier to approach potential donors during capital campaigns. The board chairman does not envy those now faced with raising money for St. Paul's School.
Somehow, with all of Hyde's talk about staff serving as good examples of "character," the best examples of such are found outside of the Hyde community.
Further irony, regrettably this piece of information was omitted from the James Traub piece: Joe Gauld was employed at Berwick Academy as headmaster (perhaps assistant headmaster?) for a very brief period in the early 60s just prior to founding Hyde School. I'm thinking 1961-62 but I could be off by a year or two. I've always wondered why he was there so briefly, as that institution seems to have relatively low turnover, at least in higher administrative positions... To be fair, I should mention that it could very well be that Berwick was undergoing a big change in philosophical approach. On the other hand, can you picture Joe Gauld having to report to a supervisor or a Board of Directors he did not install?
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"$166,000 + $299,000 = $465,000. Need we say more? "
Sure, why not. . .
Joe Guald - Hyde Foundation - $83,000.
2005 - "Biggest Job Expenses" - $73,000.
2004 - "Biggest Job Expenses" - $83,000.
------------------------------------------------------------
Demont & Associates, Inc.
Portland, Maine
Provides philanthropic counsel and related services to not-for-profit
organizations. The Demont approach is providing an attentive team
of consulting professionals committed to volunteer-driven fund-raising
and advancement programs.
2006 - $197,000. - "Consulting"
2005 - $265,000. - "Consulting"
2004 - $265,000. - "Consulting"
All this "consulting" and still able to pay
Enrollment Director - $98,000.
Development Director - $92,000.
Life is good in the "Non-Profit" world.
::cheers::
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Biggest Snow Job expenses (2005): $166,000 + $299,000 + $83,000 + 73,000 + Laura Hurd's salary + Paul Hurd's salary = a cool million.
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Biggest Snow Job expenses (2005): $166,000 + $299,000 + $83,000 + 73,000 + Laura Hurd's salary + Paul Hurd's salary = a cool million.
Cool Hand Luke?
Don't forget Gigi and Don and Claire and Ken, given that we're talking family here...
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Cool Hand Luke?
Very good, Ursus. A recognizable brand of humor, or sarcasm, as the case may be?
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Cool Hand Luke?
Very good, Ursus. A recognizable brand of humor, or sarcasm, as the case may be?
More a rare flash of illumination. My sense of humor is usually pretty pedantic, if not retarded. :rofl: I do so very much admire the more incisive wits on this board, ha!!
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Cool Hand Luke?
Very good, Ursus. A recognizable brand of humor, or sarcasm, as the case may be?
More a rare flash of illumination. My sense of humor is usually pretty pedantic, if not retarded. :rofl: I do so very much admire the more incisive wits on this board, ha!!
You were given a pedantic sense of humor to console the rest of us for the great superiority you have over us in other respects. Now, if we're so smart, what are we doing here?
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Biggest Snow Job expenses (2005): $166,000 + $299,000 + $83,000 + 73,000 + Laura Hurd's salary + Paul Hurd's salary = a cool million.
It is hard to reconcile the evidence of money grubbing with the stated nobility of purpose. The fund raising tactics and the suggested starting donation levels were one of the things that turned my thinking about Hyde around.
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Biggest Snow Job expenses (2005): $166,000 + $299,000 + $83,000 + 73,000 + Laura Hurd's salary + Paul Hurd's salary = a cool million.
It is hard to reconcile the evidence of money grubbing with the stated nobility of purpose. The fund raising tactics and the suggested starting donation levels were one of the things that turned my thinking about Hyde around.
"the suggested starting donation levels" -- are there specifics of such a thing on record? What I mean is, do they actually spell it out in terms of dollar amount or percentage of income, etc.?
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Biggest Snow Job expenses (2005): $166,000 + $299,000 + $83,000 + 73,000 + Laura Hurd's salary + Paul Hurd's salary = a cool million.
It is hard to reconcile the evidence of money grubbing with the stated nobility of purpose. The fund raising tactics and the suggested starting donation levels were one of the things that turned my thinking about Hyde around.
"the suggested starting donation levels" -- are there specifics of such a thing on record? What I mean is, do they actually spell it out in terms of dollar amount or percentage of income, etc.?
They called and pitched me a number. "Would you consider a gift of one thousand dollars?" "Yes," I said. "Very briefly before I say 'no'" Joe once told me, "You're supposed to have money. You went to Hyde." That was in response to my offering a lack on fund as the reasons for not sending my kids to Hyde.
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Biggest Snow Job expenses (2005): $166,000 + $299,000 + $83,000 + 73,000 + Laura Hurd's salary + Paul Hurd's salary = a cool million.
It is hard to reconcile the evidence of money grubbing with the stated nobility of purpose. The fund raising tactics and the suggested starting donation levels were one of the things that turned my thinking about Hyde around.
"the suggested starting donation levels" -- are there specifics of such a thing on record? What I mean is, do they actually spell it out in terms of dollar amount or percentage of income, etc.?
They called and pitched me a number. "Would you consider a gift of one thousand dollars?" "Yes," I said. "Very briefly before I say 'no'" Joe once told me, "You're supposed to have money. You went to Hyde." That was in response to my offering a lack on fund as the reasons for not sending my kids to Hyde.
There are two ways to interpret Joe's words. One is that character education, at bottom, is a more effective way of preparing boys and girls for the rat race. My two college-dropout cousins are incredibly successful multi-millionaires. Makes you wonder about the value of a college education, but, more importantly, makes you see that success is a function of character. And by "character" I mean precisely the sort of competitive, non-risk-averse variety that Hyde seeks to inculcate in its students. Hyde is very caught up in equating self-worth with financial well-being. Who better than Joe embodies the ethos of succeeding on the strength of character and at the expense of intelligence? In Hyde's exorbitant tuition and money obsession there is no hypocrisy. Making a buck is what Hyde is all about.
The other interpretation is that Joe said what he did with tongue in cheek.
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'Reckoning' begins for prophet of doom
http://www.theglobeandmail.com/servlet/ ... y/Business (http://www.theglobeandmail.com/servlet/story/LAC.20070728.RDECLOET28/TPStory/Business)
DEREK DeCLOET
July 28, 2007
For investors, this has been one rude interruption to a glorious summer. In the space of five days, the Dow was trashed, the FTSE fell, the Nasdaq went into a nosedive, and the TSX had its worst week since September, 2001. From Mexico City to Dublin to Bucharest to Sydney, it was nasty.
In a tiny office in midtown Manhattan, Nandu Narayanan (pronounced nar-EYE-uh-nan) ate it up. He loved it and had one of the best weeks of his career as an investor. He's been waiting for this. Did you see that Blackstone Group, the new cover boys for excess and greed in the private-equity age, has plunged 21 per cent since it completed its initial public offering, oh, about two hours ago? That the vultures at Cerberus Capital can't sell bonds to finance their big Chrysler deal? That Wall Street bankers are waking up at 3 a.m. in a cold sweat, having just dreamed of subprime loans? "The reckoning has started," he says.
Mr. Narayanan, who runs a shop called Trident Investment Management, might be the most unusual investor you've never heard of. He could have been a scientist, a famous economist, or a CEO. (His older sister, Indra K. Nooyi, is the chairman and top executive at PepsiCo and arguably the most powerful woman in Corporate America.) He graduated summa cum laude from Yale, studied under Paul Krugman at the Massachusetts Institute of Technology and acquired an MBA and a PhD in finance and economics from that institution. "He is the single smartest guy I've ever met in my life," says CI Financial's Bill Holland, which you could dismiss as fund-company marketing spin, except he's put $10-million of his own dough in Mr. Narayanan's hedge fund.
Instead of rocket science, he chose a different vocation: prophet of financial doom. Mr. Narayanan makes Eric Sprott look like a cheerful optimist. The credit squeeze that has put a deep-freeze on leveraged buyouts in July and forced this little stock market correction - this is just the beginning, he says. "I would say we're probably in the second or third inning." The best-case scenario? A replay of the summer of '98, when the Dow lost about 20 per cent in a month-and-a-half. The worst? "More like the Great Depression of this century."
If it gets really ugly, blame Wall Street and its obsession with inventing ever more complicated financial products. Mr. Narayanan is something of an expert on this. His first job out of Yale was for Smith Barney, working on earlier versions of mortgage-backed securities - mortgages that are packaged together and resold to investors.
Now, the big lenders and brokerage firms repackage almost everything this way - not just plain-vanilla mortgages but credit card debt, corporate loans, leveraged buyout debt, home loans to deadbeats who can barely fog a mirror, let alone make their payments on time. Slap 'em together, put a shiny wrapper on them, mix-and-match, give them a new name, doesn't matter what you do. Just sell them and get them off the bank's books, fast. That's the new Wall Street.
It worked, for a while. But the web of collateralized debt obligations (CDO) and mortgage-backed securities and credit default swaps and other esoterica is undermined by a fatal flaw, Mr. Narayanan reckons: "You've broken that critical link that tied the borrower to the banker." Someone lends you money to buy a house knows you and can estimate the value of the property. But a bank or a hedge fund that buys a CDO that's made up of other CDOs that are backed by subprime loans made against homes in California that have dropped 15-per-cent in value - well, how the hell can they really know what that piece of paper is worth?
"All of these credit instruments and these fancy things that Wall Street has provided these people have really been predicated on one thing, which is that markets are orderly and everything is fine," Mr. Narayanan says. And when they aren't? Then you can't sell them because there are no buyers. Ben Bernanke, the U.S. Fed chairman, estimated last week that losses on subprime loans may turn out to be $100-billion (U.S.). Mr. Narayanan's view of things is less tidy: When a real credit crunch hits - and we have not seen it yet - some banks and hedge funds won't even be able to figure out for months what their losses are on high-risk debt.
So they'll be paralyzed. And then? Lending activity dries up overnight, which leads to a U.S. recession, which brings on a global recession. "This could potentially make Long-Term Capital [whose collapse helped fuel the '98 crisis] look like some kind of walk in the park," Mr. Narayanan says.
You could easily dismiss the guy as too apocalyptic, and perhaps you'd be right. On the other hand, while your portfolio was getting savaged, his fund, which is short-selling "everything we can get our hands on" related to the U.S. lending industry, went up 10 per cent this week. If there's any truth to his doomsday predictions, this will prove to be a great time to buy gold and government bonds. And to build a bunker in your backyard.
::soapbox::
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Any one have more recent Guidestar information? Since theyre selling the Crows Nest............
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I would be surprised if Hyde was in trouble. Joe and crew have some backers with very deep pockets. It is a good thing that they are selling the Crows Nest. It is a nice piece of local architecture and Hyde does not seem to adept at Physical Plant issues, at least in older buildings. Mal is only making one tenth what the director of MoMA makes and is doing the right thing by playing hoops and staying out of the way of this lovely and intelligent wife. http://philanthropy.com/stats/salary/ (http://philanthropy.com/stats/salary/)
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Any one have more recent Guidestar information? Since theyre selling the Crows Nest............
Thread mentioning the selling of the Crow's Nest:
bath campus financial trouble
viewtopic.php?f=43&t=28739 (http://www.fornits.com/phpbb/viewtopic.php?f=43&t=28739)[/list]
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I would be surprised if Hyde was in trouble. Joe and crew have some backers with very deep pockets. It is a good thing that they are selling the Crows Nest. It is a nice piece of local architecture and Hyde does not seem to adept at Physical Plant issues, at least in older buildings. Mal is only making one tenth what the director of MoMA makes and is doing the right thing by playing hoops and staying out of the way of this lovely and intelligent wife. http://philanthropy.com/stats/salary/ (http://philanthropy.com/stats/salary/)
:roflmao: Are you in any way suggesting that Hyde's "campus improvements" qualify for consideration as "modern art?"
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If you read this IRS form carefully, it not only shows how much money Malcolm is making, but Laurie Hurd, Ken and Claire Grant, Lavoe Davis and other "top officers".
When taking into account the economic climate, and their annual Fair Share campaign, how much are these people contributing to the school, considering that Malcolm, Ken and Claire have PRACTICALLY NO PERSONAL EXPENSES!!!! They should be giving A LOT back.
I find this information offensive, especially when that money directly effects student programs or lack thereof.
How about Joe, Malcolm, Laura, Ken, Claire, Don and Gigi pay their own bills for one year as a fair share contribution and let's see how much money the school can save just not having to pay the family's personal expenses. And that doesn't take into account what they don't pay under the non-profit tax exempt status they conveniently use for their houses and cars.
Make no mistake, this is a family business, not an educational institution, and certainly not a non-profit one at that.
Where is the integrity they so love to preach about?
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If you read this IRS form carefully, it not only shows how much money Malcolm is making, but Laurie Hurd, Ken and Claire Grant, Lavoe Davis and other "top officers".
When taking into account the economic climate, and their annual Fair Share campaign, how much are these people contributing to the school, considering that Malcolm, Ken and Claire have PRACTICALLY NO PERSONAL EXPENSES!!!! They should be giving A LOT back.
I find this information offensive, especially when that money directly effects student programs or lack thereof.
How about Joe, Malcolm, Laura, Ken, Claire, Don and Gigi pay their own bills for one year as a fair share contribution and let's see how much money the school can save just not having to pay the family's personal expenses. And that doesn't take into account what they don't pay under the non-profit tax exempt status they conveniently use for their houses and cars.
Make no mistake, this is a family business, not an educational institution, and certainly not a non-profit one at that.
Where is the integrity they so love to preach about?
Make that extended family "business." :D ...And don't forget the charter school revenues, i.e., the probable fees changing hands due to use of "intellectual property" or whatever ya want to call it in this case, the slots for assured employment for Hyde loyalists to make sure that the charters stay duly "Hyde-ified" (their words (http://http://www.fornits.com/phpbb/viewtopic.php?f=43&t=28219&start=30#p347840)), the workshops on the "Hyde Process (http://http://www.fornits.com/phpbb/viewtopic.php?f=43&t=27363&start=15#p348374)" or "Biggest Job (http://http://www.fornits.com/phpbb/viewtopic.php?f=43&t=23309&p=289020#p289020)" (see ALSO (http://http://www.fornits.com/phpbb/viewtopic.php?f=43&t=23657&p=288984#p288985)) that they conduct for the alleged benefit of specific marked communities, the book sales, the coffee mugs, the refrigerator magnets...