George states:
ook it up, Charlie, most of that "wage" is not a wage, but stock options
and deferred compensation, and there are performance conditions set on that.
Know many folks on the line who would go for a performance-oriented wage
Many people do, and possibly your average CEO does, but for the most part,
those over-compensated types do not have performance factors built into their
contracts. I don't basically care what the payment is called. It is still a
wage of sorts. I'd never make an accountant, because to me, if it goes out,
it's an expense, and if it comes in, it's income.
Regular retirement plans are deferred compensation, but the rank-and-file
never see them as such, nor do they know the cost of any other benefits.
A lot like the regular retirement plans around here, and elsewhere (think US
Airways), that are now permanently deferred.
Oh yes, I doubt that companies of 50K employees are paying 100 million CEO
salaries. That kind of money just isn't there, unless you're in something
besides manufacturing, or your employees are Chinese.
Used as a simple math example, but WTF. Take it further. Build your straw man.
Besides, isn't paying people what they're worth a liberal shibboleth?
Damifino. Nor do I care. No one is worth 100 million bucks, singer, ballplayer
or Chainsaw Al.
Charlie Self
"A judge is a law student who marks his own examination papers." H. L. Mencken
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