Executive Compensation Figures (or, One Giant Step for Capitalism)

[texastoast]

A friend of mine was at a recent human resources meeting at his chemical processing and manufacturing company. The CEO came and spoke of dour times ahead, belt-tightening, reduced hours, no overtime, etc.

Meanwhile, one of the craft employees had found out about the bonus the CEO received. The guy had the balls to stand up during the question-and-answer period and ask, "So, Mr. (I-Got-Mine-So-Fuck-You-For-Not-Getting-An-MBA-From-Wharton-Paid-For-By-Your-Daddy), I heard everything you said about no raises this year and all. So can you tell me why it is that you accepted a $3 million bonus?"

And the CEO looked him straight in the eye and said, "Because I deserved it. Next question."

Now my dumb ass would probably have gotten fired that day because I would have been the next questioner and asked, "So, Mr. (I-Got-Mine-So-Fuck-You-For-Not-Getting-An-MBA-From-Wharton-Paid-For-By-Your-Daddy), can you explain to us all just exactly how you figure your answer to that last question since none of the rest of us are getting bonuses this year? Think you could share some of that, old buddy, old pal?"


http://www.forbes.com/lists/2008/12/lead_bestbosses08_CEO-Compensation_Rank.html


CEO Angelo R. Mozilo of Countrywide Financial, ranked fourth in Forbes, ahem, Best Bosses list at the link above, is listed as raking in $102.84 million in the Pay column and $391.88 million in the 5-Year Pay column. Check out the rest of the "salaries," and be amazed at what some people made for screwing the pooch in 2008. I wonder how the figures will change when Forbes publishes in 2009.

Now, you can take action if you own one single share of a company's stock by showing up at the annual meeting and raising hell. You can also get proposed resolutions into the annual notice of meeting which public companies are required to send out to all stockholders.

So get active and we will win.



:mad:

[RUMMYisFROSTED]

1. $250,000 a day.

Chickenfeed.


(It really doesn't make sense until you put it into tangible terms)

[whistle]

2. It's not capitalism, it's cronyism!