The wealth of Mission Presidents
Posted: Mon Oct 24, 2022 8:45 pm
DCP wrote:JP: "Having known several mission presidents and the nature of their "compensation" as well as their financial situations before and after service, I can say with absolute confidence that serving as a mission president had a net negative impact on their personal financial portfolios and professional career prospects."
That's been my personal observation, as well. I've known a fair number of mission presidents, and none of them profited financially from their service. In at least two cases, I'm aware of major financial losses that occurred. One of them mentioned to me (very plausibly, from what I know) that his departure from his corporate position to preside over a foreign mission probably cost him scores of millions of dollars. He laughed, commenting that the Lord was trying to save his soul.
At a minimum, this man claims to have lost 40 million dollars while serving the church. And was so deeply affected by this loss that he was able to work it into a self deprecating joke, likely at some sort of cocktail hour with other church sycophants.
This is not even at the general authority level. These are the middle level managers of the corporation talking about losing tens of millions of dollars as if it's nothing.