CEO cuts his pay to give his employees a raise
- Thread starter Cliffy
- Start date
I would like to know if that included moving to a trailer park as that is where you would be living with that level of income. His wife kept her job @ $10M/yr I hope.
The biggest raise anyone will receive is $645 a month.
Nobody is struggling working at his leech credit card payment company.
$930,000 ÷ 120 = $7750
$62250 a year without the raise to $70K
Nobody is struggling working at his leech credit card payment company.
$930,000 ÷ 120 = $7750
$62250 a year without the raise to $70K
you have not just the wrong view but a low and depressing view of the labour force, why do you bother to work at all?
why would anyone sharing his wealth with the labour that helped create it be subject to destruction?
Because he's a major part of the capitalist system that you've vowed to vow to destroy root and branch.
He is in with the evil bankers to boot with a credit card payment company.
Sounds like a guy who helps people all while abusing his $62K a year slaves.
I though slaves were paid $5K year not per month.
Sounds like a guy who helps people all while abusing his $62K a year slaves.
I though slaves were paid $5K year not per month.
All is not lost.
CEOs in the Washington, D.C. metropolitan area have been getting some big raises.
New data from ISS Corporate Solutions, a subsidiary of proxy adviser Institutional Shareholder Services that provides research to companies, reveal that the median CEO pay bump in the Washington area was 15.4 percent. That number, which was determined based on the 36 local companies that have released their pay data so far this year, was higher than the 12.5 percent median raise among CEOs nationwide.
Only two metropolitan areas had higher median raises: Stamford, Conn. (where the jump was nearly 39 percent) and San Francisco (19.4 percent).
The average CEO pay package in D.C., meanwhile, was even more eye-popping than the median. It showed a highest-in-the-country 80 percent increase from 2013 to 2014. That was largely due to a few outlier companies, said John Roe, executive director of the group. Therefore, he added, "You have to take the increase in average with a grain of salt."
For example, the compensation for Discovery Communications CEO David Zaslav was $156 million in 2014, a 368 percent hike from the year prior. That huge jump came because he signed a new six-year contract in early 2014 that included one-time equity and option awards of $94.6 million and $50.5 million, respectively, which were designed to encourage long-term ownership of the company and will vest over time. A Discovery spokeswoman declined to comment beyond what the company shared in its proxy.
A few other big awards at local companies also swayed the numbers. MicroStrategy CEO Michael Saylor had an option award valued at $21.7 million, helping to place him at No. 2 on ISS's list. His total compensation was $24.1 million. However, the options granted in 2014 will vest over approximately four years, according to the company's proxy. And effective last September, Saylor's salary was reduced to $1 and his cash bonus was eliminated.
NVR CEO Paul Saville's $19.3 million in 2014 pay placed him at No. 4. It included a block grant of $16.9 million in performance-based options, though those will also vest over a four-year period. The company says in its proxy it makes periodic grants that reflect several years of compensation, rather than annual awards.
Raises for CEOs in Washington are among the highest in the country - The Washington Post
Thanks, Obama!
No, seriously, thanks!