I'm not against someone making a buck, and I sure has heck don't want their taxes going up, I want no taxes going up, government already gobbles up more than enough loot, but given the wealth inequality that is at record levels in this country....
"P&G hiked ex-CEO’s pay to $15.9M for last year" AP, August 24, 2013
NEW YORK — Procter & Gamble Co., owner of Boston-based Gillette, gave former chief executive Bob McDonald a pay package worth $15.9 million during his final full year at the world’s largest consumer products maker, for a 5 percent increase from the previous year.
I guess that explains the insane economy.
His retirement was announced in May, with the company facing pressure to improve its results. He was replaced by A.G. Lafley.
McDonald’s pay bump was the result of a higher cash-based bonus of $3.3 million, up 36 percent from the previous year. His base salary of $1.6 million and stock awards of $6.4 million were unchanged. Stock options were valued at $4.2 million, a 4 percent decline. Other compensation rose 7 percent to $332,877.
Other compensation means means a$$uming all his living expenses.
--more--"
It's the kind of thing you see when the Boston Globe is your mirror.
Also see: BlackBerry previews big loss, to cut 4,500 workers
There are a lot of tho$e kinds of articles, too. I apologize for being unable to keep up with them all.
