Say what? Qwest employees (and no, I don't consider executives employees) don't get to use the corporate jet, but the CEO's family does?
This is the kind of shit that makes me wish that socialism actually worked.
Consider the new CEO's "compensation" package.
Mueller, 60, will have a base annual salary of $1.2 million with a target bonus of $2.4 million. He'll also receive 2 million stock options, with a strike price of $8.37, and 896,000 restricted shares.If anyone can afford to fly commercial, it's a CEO with a million dollar salary! Jesus H. Christ.
In a related story, a recent study determined that the average CEO makes 364 times more than the average worker. When I heard that, it reinforced my already entrenched views about the lop-sided structure of the modern corporation.
There's something inherently unfair about a set-up that allows thousands of employees (also known as peons) to make moderate (mostly sub-100K) salaries while the boys up top (and they're almost all boys) rake in millions. It would be one thing to make an argument that the CEO deserves to make more than the average employee, which I would generally agree with, but 364 times more?
Critics of the study say that the 364 number is too high. Check out this snow job:
Based on Mercer Human Resource Consulting calculations of median CEO pay and U.S. Labor Department figures for median annual earnings of full-time workers aged 25 to 64, CEOs made ONLY 187 times the average American worker in 2004, not 430 times as measured by the two groups, {executive compensation consultant Frederick W. Cook} testified {before congress}.My emphasis.
See the difference. It's not 364 times the average salary. It's only 187 times the average salary.
Yes, dimwit, there is a numerical difference there, but in real world terms, it doesn't mean squat. Whether it's 187 times or 364 times, it's still too much of a discrepancy!
Are CEOs really that indispensable? Do they really create that much value for the shareholders? Are the rank and file workers that undeserving of a more equitable share of the profits they contribute to making? I don't think so.
