During times of leadership transition, it's not uncommon to see two CEO paychecks in one tax year, one for the outgoing CEO and the other for the incoming. In rare instances, an association may have three or even four CEOs on the payroll in one year. The $17.3 million revenue Council on Foundations paid three CEOs in 2012, according to the group's recently filed Form 990. Steve Gunderson, who resigned in September 2011, received a $250,043 severance payment in 2012 (his second, bringing his total severance equal to approximately 12 months of his base pay). On Gunderson's departure, Jeffrey Clarke joined the group as interim CEO. He led COF for seven months in 2012 until… Read More