posted on Oct, 5 2005 @ 10:17 AM
Its disgusting sometimes what CEO's make per year.
A while back I read a news article about a corp that was going to sack 400 people from a factory. The reporter got hold of how much the CEO of the
company was actualy making.
He calculated that if the CEO's wages were quartered, leaving him with still a huge paycheck, the 400 factory workers could be payed for at least
another 3 years with money to spare, from just 3/4ths of what this CEO makes in 1 single year. He didn't take into account any comps the CEO also got
on his job, comps like expenses, pension, health insurance, life insurance and bonuses.
Thats how bussines works these days.
Worst is, the CEO's actualy get huge bonusses for sacking these people too.