I don't see how a non profit ends up paying so much for a CEO?
People take huge pay cuts to work at a non profit. why should a CEO be different? Especially at a time like this?
It's a for-profit company, that happens to be owned by a non-profit instead of shareholders, but that doesn't change the way they operate.
If it was like any other for profit company , investors would have fired the management for losing market share and failing to diversify the revenues they make .