Here is one of those "good old-time values" that is both old - and good! Ben & Jerry WOULD both be millionaires many times over - but they instead chose to pay themselves only 8x the lowest employee. They are both quite wealthy - and they have janitors have have summer homes! Even if it was 20 times I would understand. The average CEO makes more than 200 (up to 1000!) times the wage of the employees. Add in their Stock Options and Platinum Parachutes and it goes even higher. When Pleasant Company was sold to Mattel - Pleasant Roland gave EVERY employee a bonus equal to 1 years salary. This cost her a significant percentage of her buy out bonus package from Mattel. But for this money she made a HUGE impact on the lives of all the people who helped make a company that she sold for 50 million. She still made millions for her own family, but she shared her largesse (now THAT is an American Girl value!). It is time to end the wage disparity in the country. In Europe the CEOs make 10-15 million Euros per year (not 50-100 million) and they do NOT get huge a bonus and gilded parachutes. They must work for their living. Even better - there is a new European trend to allow all stock options only be vested 7 years AFTER they leave the company. What an elegant answer to PUMP & DUMP that is the norm here!
Posted on: Sat, 14 Sep 2013 23:01:47 +0000
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