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Carolyn Bivens Is Making Even Less than Finchem Than Last Year... Why?

We reported a few weeks ago about a blip in Doug Ferguson's weekly column about the comparative salaries of PGA Tour Commissioner Tim Finchem and his LPGA counterpart, Carolyn Bivens.

According to the most recent IRS forms available for the LPGA Tour, commissioner Carolyn Bivens earned $710,812 in salary and benefits in 2006. Two years earlier, in his final full year as LPGA commissioner, Votaw was paid $478,897.

Well, in 2007, Bivens took a pay cut down to $500,000 according to tax filings reported by SBJ's Jon Show.  All things considered for 2007, she did pretty well that year.  (Let's not discuss this year.)

In 2007, Bivens helped secure record-high broadcasting rights in Asian countries, led the LPGA’s rebranding efforts and the development of the first drug-testing program in professional golf, and increased licensing money, event attendance and purses. The LPGA also negotiated the purchase of the developmental Futures Tour for $2.3 million, according to the tax form, and assumed full ownership of the season-ending ADT Championship, which it had co-owned with IMG.

Revenue for the year was about $80 million, up nearly $10 million from the previous year, including a $9 million increase in tournament revenue. That spike was primarily due to the LPGA’s full ownership of the ADT Championship and increasing tournament sanctioning fees from $15,000 to $100,000, which helped negate previous losses tied to tournament operations.

Revenue from tour-level sponsors was $5.2 million, returning to 2005 levels after dropping nearly half a million dollars in 2006 because of the loss of an international licensing contract. The LPGA added sponsorships with Prudential and SkyCaddie in 2007.

That would put Bivens at 30th on the 2007 LPGA money list.  Tim Finchem is top 5 on the PGA Tour money list with his salary.  The LPGA Tour has been ahead of the curve on several issues, including drug testing.  Perhaps they are also ahead of the curve on executive compensation, too.

 

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???

why is this considered “news” ? of COURSE she makes less than he does – look at the jobs and the success of the PGA Tour compared to the LPGA Tour.

"this ball will fit in that fairway"

by courtgolf on Dec 15, 2008 4:32 PM EST reply actions   0 recs

And to add insult to injury...

…all of her paychecks are written in Korean.

The most beautiful phrase in the English language: "Touchdown, Alabama!"

by turnover on Dec 15, 2008 4:35 PM EST reply actions   0 recs

LOL

now THAT’S FUNNY ! I don’t care who you are :-D

"this ball will fit in that fairway"

by courtgolf on Dec 15, 2008 4:39 PM EST up reply actions   0 recs

Haha

That is pretty funny.

I find it newsworthy because the comparison of pay between Bivens and Finchem is startling. I think the LPGA is much more responsible in how it pays. Yes, Finchem should make more than Bivens. He technically leads 3 tours to her one. Still, for Finchem to be top 5 on the PGA Tour list and Biv to barely be top 30 says a lot about pay disparity.

by Ryan Ballengee on Dec 15, 2008 4:41 PM EST up reply actions   0 recs

WHAAAAATTTTT????

It doesn’t say anything about pay disparity. There are exactly TWO of these jobs available. The LPGA negotiated with Bivens for her salary and the PGA Tour negotiated with Finchem for his. There is nothing to compare either to unless you are just going to fall into the idiotic screechings of the feminists – and even then it’s a weak argument.

The ONLY decent point I see coming out of this nonsense – thanks a pantload Doug Ferguson – is that Bivens was willing to drop her pay after a year she managed to embarrass herself and the Tour a few times, and lost a couple more sponsors.

"this ball will fit in that fairway"

by courtgolf on Dec 15, 2008 4:51 PM EST up reply actions   0 recs

I think you're really missing the point on this

Has absolutely nothing to do with gender. Didn’t say it did. It says a lot about the pay disparity between the LPGA and PGA Tours. It also says something about the relative importance of the two commissioners measured in dollars. It says something about the Tours’ philosophies regarding executive pay. Bivens’ pay is not set by her, but rather by a board. Same for Finchem. 2007 was a solid year for the LPGA Tour. This year, not so much.

by Ryan Ballengee on Dec 15, 2008 4:57 PM EST up reply actions   0 recs

I see what you're saying...

…but there is still no comparison. The market value of the PGA Tour is astronomical to that of the LPGA. What you’re doing is comparing Mercedes Benz to Saturn. This is not a relevant topic.

"this ball will fit in that fairway"

by courtgolf on Dec 15, 2008 5:06 PM EST up reply actions   0 recs

Totally relevant discussion

Sorry, it is and you could not convince me otherwise. Given all of the discussion we are having about this economy, bailouts, and executive pay – this topic matters.

by Ryan Ballengee on Dec 15, 2008 8:26 PM EST up reply actions   0 recs

ok

so – support the idea that someone else’s paycheck is either relevant or any of our business. (and the old “this is my blog” doesn’t count) :-)

"this ball will fit in that fairway"

by courtgolf on Dec 15, 2008 9:08 PM EST reply actions   0 recs

Sure :)

I think it’s relevant on a couple of fronts. For me, it’s especially interesting because my day job’s with a nonprofit. So, in my world, executive compensation is public record. And since the LPGA and PGA Tours are nonprofits, their exec comp is public record.

Aside from that, my other interest in this comes from:
1. The comparison of the volume of the PGA Tour vs. the LPGA Tour in salary as compared to how much business they do, etc
2. I would be curious how the boards of both tours arrive at their compensation
3. Why did Biv take a smaller salary than 2006 (her first full year) when she had a better 2007? Even I praised her publicly in 2007!

by Ryan Ballengee on Dec 15, 2008 10:52 PM EST up reply actions   0 recs

ok

I can see your personal curiosity – BUT – in your job, do YOU have anything to do with what the boss gets paid ? Does anything you say or do affect what he/she receives as a paycheck ?

This is another point where the media goes overboard. What a person makes is NO business of anyone in the public unless what they are receiving is aquired illegally. Since none of the sponsors complain – none of the players complain – and the tournaments don’t complain – I repeat the question – what business is it of yours or anyone else in the public ?

What business is it of yours or anybody outside the LPGA why Bivens took a pay cut ?

Curiosity is one thing – but if that curiosity comes out of some desire for gossip, it is not good. If your curiosity is based on some inkling of illegality or conspiracy – then let’s hear it. What have Finchem and the PGA Tour done to bring in the money to pay the commissioner’s salary – and what has the PGA Tour done to keep the Biv down ?

Prying into other people’s money is VERY rarely a good road to go down.

"this ball will fit in that fairway"

by courtgolf on Dec 16, 2008 12:02 PM EST reply actions   0 recs

There's nothing at all

in my curiosity about conspiracy/illegality. I simply am interested in the topic of executive compensation and the comparison of two people doing similar jobs for drastically different salaries. Also, I’m interested in the kind of pay cut that Biv received. It may have been voluntary to show solidarity for increasing contributions to the players’ pension fund that she is trying to grow.

And, I think in the case of sports, your argument really has no merit about rights to know or not know someone’s salary. Athletes and commissioners’ salaries are and have been public record. They’re free reign for discussion – honest discussion, not gossip like you alluded to earlier.

by Ryan Ballengee on Dec 16, 2008 2:12 PM EST up reply actions   0 recs

just the facts, man

ok – if you’re going to do that – you’re really bored…(j/k)….you can’t make it a simple salary comparison – the jobs don’t even compare, even though they have the same title. The shear size difference between the PGA and LPGA Tours makes the comparison ludicrous. The PGA gives more to charity each year than the LPGA gives in prize money.

the argument that because other sports do something that isn’t right makes doing this right is pretty weak. the public has no reason or right to know what the players are making – it just became something that is done without thinking. (and as a personal opinion – it is also what has caused some of these athletes to get attacked by local low lifes) (then there are the true idiots who walk around with $10,000 in cash and $100,000 in bling – they’re just asking for it)

just because it’s done doesn’t mean it is right.

"this ball will fit in that fairway"

by courtgolf on Dec 16, 2008 2:36 PM EST reply actions   0 recs

Completely disagree

I’m not trying to compare apples to oranges. I’m trying to compare granny smith apples to red delicious apples. Yes, they’re different – but share a lot of properties. Again, I am NOT interested in making a direct comparison. I’ve said that multiple times.

And we talk on here all of the time about 100+ PGA Tour guys making over a million this year. We can talk about that all day long – even be critical – and not draw a blink from you. What’s the difference, then, in talking about the legally mandated publishing of salaries of these people? You have to be able to make a huge leap to say that it’s not ok to talk about it.

by Ryan Ballengee on Dec 16, 2008 2:54 PM EST up reply actions   0 recs

the public has no reason or right to know what the players are making

Except that’s how players are ranked. Maybe if we put our heads together we can come up with some new standard for determining whether a player gets to keep her/his tour card.

Truth has a well-known liberal bias.

by dianemarie on Dec 16, 2008 3:44 PM EST up reply actions   0 recs

wrong players

that was in reference to players under contracts on teams

"this ball will fit in that fairway"

by courtgolf on Dec 16, 2008 5:28 PM EST up reply actions   0 recs

that legal mandate...

…came about because a couple of corrupt people got involved in stealing from charity funds – and as usual – Uncle Sam overreacted and made it an open piece of legislation – and the media took advantage of short sighted legislation and their own inability to filter themselves.

it is that kind of thinking that got CNN and other “news” outlets in court to force the armed forces to broadcast their battle plans.

"this ball will fit in that fairway"

by courtgolf on Dec 16, 2008 3:04 PM EST reply actions   0 recs

That's how it should work

501©3 and other nonprofits that are forced to submit their tax records through Form 990. It’s a good regulation.

by Ryan Ballengee on Dec 16, 2008 3:35 PM EST up reply actions   0 recs

how should it work ?

you didn’t define what you were talking about – do you want the free for all media frenzy and public dispersion of personal information ? or are you saying that this information SHOULD be available IF something is under suspicion ?

"this ball will fit in that fairway"

by courtgolf on Dec 16, 2008 5:30 PM EST up reply actions   0 recs

No

The system that exists today works. This information is in the public domain today. You can go to Guidestar.org and find out all of this stuff. Jon Show didn’t find out anything particularly fancy. He just searched the public filings that have to be made available.

by Ryan Ballengee on Dec 16, 2008 5:53 PM EST up reply actions   0 recs

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