Compare Your Salary to the CEO

[B Calm]

http://www.aflcio.org/corporateamerica/paywatch/ceou/database.cfm

My CEO is not listed, so I entered my wife’s CEO at Auto Zone.

Steve Odland
Chairman President and CEO
AutoZone Inc.
In 2003, Steve Odland raked in $13,843,227 in total compensation including stock option grants from AutoZone Inc..
And Steve Odland has another $29,214,000 in unexercised stock options from previous years.


My wife would have to work 461 years to equal Steve Odland's 2003 compensation.

[katinmn]

1. We can thank * and Congress fo that. Check out "Executive Excess 2004"

http://www.faireconomy.org/press/2004/EE2004.pdf

Key Findings
Outsourcing service jobs to other countries pays off for CEOs.
Top executives at the 50 largest outsourcers of service jobs made an average of $10.4 million in 2003, 46 percent more than they as a group received the previous year and 28 percent more than the average large-company CEO. These 50 CEOs seem to be personally benefiting from a trend that has already cost hundreds of thousands of U.S. jobs and is projected to cost millions more over the next decade.

Outsourcing to developing countries has widened the chasm between U.S. CEOs and their workers. India has claimed the greatest number of outsourced service jobs, particularly for call centers and software programming work. The average pay of the leading outsourcing CEOs is 3,300 times the pay of an average Indian call center employee and 1,300 times more than the pay of an average Indian computer programmer.

Despite a growing public outcry, Congress has not done anything to stem the tide of jobs lost to outsourcing, and the Bush Administration has called the trend a “good thing.” This inaction may be connected to the political contributions of the top 50 outsourcing companies, who have so far given a combined $10.4 million in Political Action Committee (PAC) contributions to federal candidates during the 2004 election cycle. The higher-than-average CEO pay at the top 50 outsourcing companies is just one example of “political profits” – rewards gained by working the system of political contributions and cronyism rather than by building a better mousetrap.

CEOs heavily involved in political contributions have higher-than-average pay. Taking an active role in political fundraising seems to boost CEOs’ fortunes. Currently, there are 38 CEOs who have each personally raised at least $100,000 in individual contributions from friends and business associates for one of the two major residential candidates. These executives-slash-fundraisers averaged $15.2 million in total pay in 2003, 88 percent more than the average large company CEO.

http://www.startribune.com/stories/535/5224049.html
Executive pay in many non-profits are starting to compare with that of for profits. Exerpt from a recent Star Tribune article:

There's no doubt that executive pay at medical nonprofits these days looks a lot like those of their for-profit counterparts -- with country club memberships, leased cars, expense accounts and performance bonuses that can double their take-home pay. But what executive recruiters and salary consultants disagree over is whether this is a good idea.

[Hugin]

2. Another way to look at it...

The implication is the CEOs do 461 times more good for
the company in one year than one of the regular employees.

I find that hard to believe.

[Misunderestimator]

3. I would have to work 74 years to equal my CEO's 2003 salary.

I can't believe that the CEO of AutoZone makes that much!! The company I work for is MUCH larger, and the CEO has a smaller base compensation.

[GOPFighter]

4. Hmmmm

<sarcasm>

The trouble with liberals today is that they just don't understand the new America.

We are now a nation of "the deserving" and "the servers of the deserving" as Jesus meant it to be. Obviously Mr. Odland is one of "the deserving" because he's rich. This is probably due to a fortuitous combination of race, gender, good health, and possibly being born into the right family. In any case, it's God's will and who are you to dispute God's will?

Your wife, like the millions of unmotivated losers in this country, are on this earth solely to serve "the deserving." Once your wife gets a debilitating disease, becomes disabled, get old, or her salary rises more than 5% above the entry level wage for her job, she will no longer be viewed as an asset to the company and she will be let go. After all, there is ALWAYS someone, somewhere desperate enough for a job that they will be willing to work for the entry level wage. Maybe one of your children.

Your wife may be able to find another job if she's willing to work for entry level wages. If not she will no longer be useful to "the deserving" and, in fact will become a liability to the United Corporations of America.

Up until now, namby pamby, bleeding heart liberals have been able to set up safety nets (unfairly paid for in part by "the deserving"!) for those unable to find work, but "the deserving" have now been anointed by God to dismantle these socialistic and unChristian programs because they take hard earned money out of "the deserving's" pockets and give it to lazy, unmotivated, parasites who refuse to work 60 hour weeks at low wages. This is not the natural order of the world.

So, B Calm, the next time you whine about the just compensation a CEO gets for figuring out how to avoid taxes and further screw it's employees, just think about how lucky you are to have even one employed person in your family. In the future we will see this doesn't happen to whiners.

/s/

The Deserving

<end sarcasm>

[blueknight]

5. notice the various insurance

companies execs pay.it is astronomical

[LibDemAlways]

8. Twenty years ago I worked for a year in the Human

Resources dept. of a now defunct insurance company. At the time I was making 1200.00 a month. The two guys at the top of the heap were each making 30,000 a month and then rewarded themselves on top of that with quarterly bonuses of 250,000.

Those numbers were extreme but even the lowly managers in Human Resources directly above me made 5 grand a month with 10 grand quarterly bonuses. So they were pulling in 100k to my measly $14,400.
And company rules didn't apply to them. Christmas fell mid-week that year and the bosses decreed that "employees" could take off only Christmas day. There was plenty of anger as people realized they couldn't be with far-off family on Christmas if they wanted to keep their jobs. One young woman was fired when she announced she had made plans to visit her mother and wouldn't be back until the 27th.

Guess who spent a week-long ski vacation between Christmas and New Years? The idiot who fired her.

God, I hated that place.

[B Calm]

9. If we whine, its class warfare...

[GOPFighter]

10. "...at a now defunct insurance company..."

...and deservedly so. Wonder what happened to the managers. Wonder what happened to most of the employees. Wonder what happened to the policyholders. Anyone doubt the managers came out the only winners when the company went under?

[LibDemAlways]

11. The company declared chapter 11 in 2000.

Found an article on the net indicating that "preferred shareholders" received some compensation but "common shareholders" were left holding the bag.

This company sent a bunch of "independent agents" into the Ozarks to sell life insurance to rural Americans who were undoubtedly left holding nothing. My boss, by the way, is now Payroll Manager of a major Hollywood Studio. Can only imagine how the books are cooked there.

[Evening Star]

6. MMC

Now gone due to price fixing in the insurance industry:

Jeffrey W. Greenberg
Chairman and CEO
Marsh & McLennan

In 2003, Jeffrey W. Greenberg raked in $327,929,640 in total compensation including stock option grants from Marsh & McLennan.

And Jeffrey W. Greenberg has another $27,557,587 in unexercised stock options from previous years.



328 Mil!

Criminal

[B Calm]

12. Jeffrey W. Greenberg raked in $327,929,640 OMG!!

[bleedingheart]

7. Most of them don't deserve the salary they have...