Wrong On So Many Levels
March 7, 2008
Between 1996 and 2006 CEO compensation increased by 46% while worker compensation increased by 7%. In addition, there are several CEO’s, like Stanley O’Neal of Merrill Lynch, who are making millions while their companies are losing billions (O’Neal reportedly took $161 million in compensation after Lynch reported an $8 billion - that’s billion with a “B” - loss on sub-prime mortgage securities.
Maybe business schools should implement a “non greedy bastard” program into their curriculum. All I can say is disgusting.
Murf
March 8th, 2008 at 1:40 pm
Dude: You crack me up. I think CEO pay is a great illustration of the moral rot seeping into American life everywhere. Funny how when they lose millions of dollars they still make buckets of money, while running to the government to plead to keep the party going! (so they can keep their jobs)
From Tom Peters | Brandon Muth
March 11th, 2008 at 1:19 pm
[...] post about the “geniuses” running the Fortune 500 companies. If you remember, I touched on this a few days ago. His post is longer and a little more rant filled than mine, but he still manages to [...]
Bouncy, Bouncy | Brandon Muth
March 12th, 2008 at 8:45 am
[...] 2007 loss by 69% and the feds have once again tried to bail out the ailing economy - just as Murf predicted in his comment from last week. All of this and Thornburg’s share price shot from $0.80 on Friday to $3.50 [...]