Wednesday, June 13, 2007

Why Not Outsource the CEO Jobs?

You'd save billions and probably not notice much of a difference.

Ying:


Compensation for chief executives at the largest US companies continued to increase last year, according to a study published by the Associated Press on Saturday. CEOs at half of the public companies listed on the Standard & Poor’s 500 received a combined total of $4.16 billion in 2006.

According to the AP calculation, the highest paid chief executive was Yahoo’s Terry Semel, who received $71.7 million in pay, stock options and other forms of compensation. Half of the CEOs in the companies surveyed pulled in more than
$8.3 million.


Yang:

Ford Motor Co. is entering this summer's national labor talks with a clear, if audacious, goal: Cut hourly labor costs by about 30 percent to reach parity with Asian rivals operating in the United States.

1 Comments:

Anonymous Anonymous said...

It's a good old boys club. They aren't disposable like the rest of us! Well at least not until the riots break out.

I wonder. I'm looking for a living wage job. I'm sure a lot of these good old boys have enemies. Anyone need some upward mobility?

3:38 PM  

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