prospectacle writes:
"An important choice remains for this site. What kind of organisation will we be, practically, legally and financially?
A for-profit, shareholder corporation seems out of the question, by general consensus (correct me if I'm wrong), but other questions remain. The basic choice is this:
Will we be like a charity, a co-op, or a recreational club?
This is a gross simplification, but gives some idea of the options involved. Feel free to offer alternatives. So what should we be, what is our purpose, really? And what kind of a structure is required to make sure we serve that purpose, and that money doesn't end up in the wrong pockets?
Bonus question: which jurisdiction should we set ourselves up in to fulfil our mission most effectively?"
(Score: 1, Interesting) by Anonymous Coward on Wednesday March 12 2014, @11:58AM
The Red Cross compensates its president/CEO north of half a million dollars a year [snopes.com]. JREF's president is compensated to the tune of $200,000 [wikipedia.org] a year. Are you comfortable paying someone a triple-digit salary for running this website? Are you comfortable paying ten people who run the website this salary? Your "there's no reason any few should profit greatly from a supposed community site" indicates that you are not.
I'm guessing your solution involves by arbitrarily deciding what's a "fair" wage for someone else. But if the workers are based in the mid-west, $100,000 a year would be a very good compensation. If they're in San Francisco (proper), they're making minimum wage when you factor in the housing. And if you hired one person from each city to do the same job (let's say being an editor), would you pay them differently? Or would you only hire people from places that have low incomes to keep the cost down? In that case, why not get the maximum savings by outsourcing everything to India? What exactly is your plan here?