"Priestcrafts are that men preach and set themselves up for a light unto the world, that they may get gain and praise of the world; but they seek not the Welfare of Zion…. But the laborer in Zion shall labor for Zion; for if they labor for money they shall perish" (2 Ne. 26:29, 31).
If you labored in Zion -- if you taught humility, obedience, paying tithes and offerings, remaining pure from alcohol/sex and other fun outside of the happiness the church designs for you -- and you were paid well for preaching this, would you want the members to know about your financial compensation?
What if you also sought investment income far more often than the welfare of humans, but preached as if you cared more about people than profits?
Preaching is a skill. A skill is also a craft. Being crafty is being deceptively ingenious so that your skill nets you unobserved gain.
Are the LDS apostles engaged in priestcraft? Do crafty church leaders keep secret their gains for laboring in Zion?
FAIR has a page dedicated to help the questioning member decide that NO, the church leadership is not a priestcraft.
FAIR, does admit that the church uses non-disclosure agreements (NDAs), which is where the basis of financial opaqueness is founded. NDAs are to financial transparency what blackout curtains are to the sun.
Keeping financial opaqueness, the LDS church refuses to disclose:
1) complete or even basic tithing & offerings income,
2) corporate income,
3) church operating expenses,
4) salaries of leaders and many church employees,
5) the form and even existence of the non-disclosure agreements,
6) source of investment monies (tithing?),
7) investment gains/losses.
There might be other factors I neglect here, but this suffices. Remember, tithing comes entirely from the members but they have no accounting for it. Also, NDAs in the LDS church might be a secret, but so many church employees have admitted to them at various levels, their existence is not really in question.
FAIR argues that NDAs are not a sign of deception or priestcraft: "One problem with an NDA is that in order to get relief the injured party must sue. And in suing, the contract itself would become part of the court case, and potentially available for public scrutiny."
They argue that NDAs don't solve the secrecy problem. They do, however, create a great excuse for GAs at the top who don't want to be forced to disclose their compensations. The NDA is a cover for the top, and a way to keep internal records sequestered so that all but a few mid-level staff don't see the compensation of the higher ups.
FAIR: "This would only be some sort of problem if the church was trying to hide something. And so if the church is trying to hide payments to general authorities, then the whole process of having a NDA creates far more problems than it would solve. "
Ok, then by FAIR's reasoning, there is no need for a non-profit, charity-church based corporation to have NDAs. If they would forego their self-mandated NDAs (they are The LDS Executives, after all) and just produce financial transparency, it would clear it up. They have nothing to hide, right?
But they do. The Mission President Handbook, which FAIR has not addressed, shows they absolutely have things to hide regarding tax liabilities if "stipends" or reimbursed packages were defined as income.
Removing the NDA would create more problems than it solves in the case where publishing the GA compensation packages would upset the proletariat members. And again, the MP Handbook tells the mission presidents not to disclose their compensation packages. Not even to family or other MPs. Why? Because the compensation includes Christmas gifts, gardeners, tuition, maids and more. Items the average member would find on the edge of moral responsibility for their own church.
On GA compensation, FAIR quotes Hinckley, former prophet, as saying:
“... the living allowances given the General Authorities, which are very modest in comparison with executive compensation in industry and the professions, come from this business income and not from the tithing of the people.”
This tells us two things:
1) GAs make “modest” executive compensation. He didn’t say salary. He said executive compensation.
2) GA compensation is tied to LDS business income.
Compensation tied to business income can be very healthy, especially if your companies have billions to invest in a lot of real-estate and other ventures. For the LDS church, everything they own, hold or build derived originally from tithing. Even Hinckley says, "the combined income from all of these business interests is relatively small." However he defines small, it's on the scale of having enough cash on hand to build billion-dollar malls, hundred million dollar condo high-rises, industrial parks and more, year after year. If that is small, tithing income must be huge!
If your personal yearly compensation were dependent on how much money the corporation had for investments (likely from invested excess tithing) and how efficiently the monies are used, you would try to get all the free labor you could. You would ask members to pay for their own sales-position as missionaries. You would ask them to clean the chapels. You would ask them to work for free at storehouses, farms and temples. You would ask them to do a lot of work to benefit the LDS corporate bottom line, like advertise and lobby for the LDS full-length motion movie advertisment to get put in theaters nation-wide.
Free sales force. Free janitors. Free storehouse workers. Free farm labor. Free this and free that. Bottom line savings from tithing goes to business investments and is tied to executive compensation.
I’ve blogged about apostles heading up positions on LDS corporations previously—such as Monson simultaneously holding positions as Chairman (CEO) of the Corporation of COJCOLDS, Chairman of LDS Business College, Director of BYU-I; as Holland being Director of Farmland Reserve, etc. The LDS Corporations are valued conservatively by Business Week at $40 Billion, with a church-wide gross (and mostly tax-free) income between tithing and return on investments coming in about $6-8 billion annually. It's estimated that about 20% of their income (or $2B) is their annual consolidated income, used as investment seed to build cash for building projects like malls and condo complexes. This net income is the level of a mid-latitude Fortune 500 company, such as Target Corp, whose post-tax consolidated net income is $2-3B per year. What does a CEO/Chairman or Director of a such a corporation make?
If your personal yearly compensation were dependent on how much money the corporation had for investments (likely from invested excess tithing) and how efficiently the monies are used, you would try to get all the free labor you could. You would ask members to pay for their own sales-position as missionaries. You would ask them to clean the chapels. You would ask them to work for free at storehouses, farms and temples. You would ask them to do a lot of work to benefit the LDS corporate bottom line, like advertise and lobby for the LDS full-length motion movie advertisment to get put in theaters nation-wide.
Free sales force. Free janitors. Free storehouse workers. Free farm labor. Free this and free that. Bottom line savings from tithing goes to business investments and is tied to executive compensation.
I’ve blogged about apostles heading up positions on LDS corporations previously—such as Monson simultaneously holding positions as Chairman (CEO) of the Corporation of COJCOLDS, Chairman of LDS Business College, Director of BYU-I; as Holland being Director of Farmland Reserve, etc. The LDS Corporations are valued conservatively by Business Week at $40 Billion, with a church-wide gross (and mostly tax-free) income between tithing and return on investments coming in about $6-8 billion annually. It's estimated that about 20% of their income (or $2B) is their annual consolidated income, used as investment seed to build cash for building projects like malls and condo complexes. This net income is the level of a mid-latitude Fortune 500 company, such as Target Corp, whose post-tax consolidated net income is $2-3B per year. What does a CEO/Chairman or Director of a such a corporation make?
While it is an apples/oranges comparison of sorts, in 2012, Target Corp Chairman, Gregg W Steinhafel’s compensation package was $20,647,464. (Target’s listed VPs earned $5-7M). The median CEO salary, according to an Associated Press/Equilar pay study, is around $10 million.
So a "modest" compensation "living allowance" compared with the equivalent Target CEO, at 5% would be $1,032,373 for Monson. However, Monson had three jobs, two of them as Chairman, and one as Director. His modest tri-job package could be...well, we really don’t know. We can’t. There are NDAs to protect such things.
Hinckley also said, quoted by FAIR, that:
“Merchandisinginterests are an outgrowth of the cooperative movement which existed among our people in pioneer times. The Church has maintained certain real estate holdings.”
It’s interesting that he used the word “merchandising” when one considers the merchandise of Porsche Design, Rolex and Tiffany’s at LDS owned City Creek Mall. And interesting also because New Testament Peter said to his flock to beware of “false prophets” who “through covetousness shall they with feigned words make merchandise of you.” (2 Peter 2:3) That is, they will make money off of their flocks by flattering them.
The NDAs are crafty, for a bunch of high priests and apostles.
Uchtdorf's two, $700,000+ homes come decades after retiring. Because the GAs sign non-disclosure agreements, we can't know how, for example, Boyd Packer as a BYU Religion Teacher ends up with just under $2M in property in Utah alone. Or how Monson, retired from advertising at Deseret Book and Deseret News apparently at 36 years of age (two years from 31-33 as a Mission President), ends up with over $1M in property.
If they would forego their self-mandated NDAs (they are the executives, after all) and just produce financial transparency, it would clear it up. A lot of Fortune 500 CEOs, ExVPs publish their compensation packages.
























