Left to right, from top: committee members Arthur Harper, Marjorie Magner, Duncan McFarland and Karen Hastie WilliamsThe board of directors' four-member compensation committee based last year's bonuses for top executives on a series of what it termed "accomplishments," according to the new shareholders proxy report, made public yesterday. Among them: "The company achieved substantial expense reductions through a variety of efforts, including continued centralization and consolidation efforts, significant headcount reductions, furloughs, and salary freezes and reductions."
Related: salaries and bonuses for the five highest-paid executives
Related: salaries and bonuses for the five highest-paid executives
What's your definition of management's accomplishments? Please post your replies in the comments section, below. To e-mail confidentially, write jimhopkins[at]gmail[dot-com]; see Tipsters Anonymous Policy in the rail, upper right.
Since most of these folks are pretty old, it's pretty obvious that they won't be able to spend all their wealth. Rather, it will be a legacy to their descendants.
ReplyDeleteFortunately, I think many young people are more progressive and humanity minded then the older generations (and I'm older, folks). Maybe the children and grandkids of some of these people can start taking them to task.
Come on grandkids, ask our CEO if he feels good about making a fortune off the misery of others. Then point out some ways he might better spend his money.
Simple.
ReplyDeleteI'd vote for bonuses for those who I would be proud to have my child or grandchild call a mentor.
Skip all the stats. and objective stuff at this point. That's shortsighted. I'd want my management team focusing on the future of this nation.
1:29 -- I'd rather they be focused on the future of the company and its employees.
ReplyDeleteHow much did Arron Barrett get. It's not listed on the chart.
ReplyDeleteOh yes, these Board members are so proud of these "accomplishments." These goons deserve a kick in the a*****.
ReplyDelete