10 outrageously lavish CEO perks
CEOs at Fortune 100 companies get nearly 5 times the money in extras -- including cars and drivers, jets and gyms -- that the typical US household earns in pay.
VIDEO ON MSN MONEY
Fact: Salvation army CEO $1 salary. American Red Cross-almost 1 Mil and PERKS! Guess where my donated money is going...
One would think that if the boards were taking their jobs seriously they would find CEOs willing to work for less. These guys are NOT that much smarter than the average executive. They are just better connected. Of course when you can decide who's on the board and the board decides how much you get paid I think the problem is obvious.
Kind of like congress voting on their own pay increases, only much worse.
Although many have voiced disgust at the "perks" these people have ,, many would take them as well.
The fact that they receive them is a company choice. These people are 'on-call' 24-7.
They success of their company lays upon their shoulders.
They have a huge responsibility , more than most others could fathom.
So before throwing stones why not try and appreciate their positions and take in consideration what they do actually have to 'give up' to have them.
These greedy SOBs could care less! Here's the question, where's the Poll for raising taxes on people making $250,000 or more? Let's see it! Are they for it or against it? One would think by now at least one political talk show would mentioned it. If my income were in that category, I would be for it! Let's face it, people with those incomes have a tendency to blow big amounts of cash on leisure and "toys"! Basic necessities, like paying the electricity bill, groceries, heat, water etc.... are never a issue. For the middle class, these are burdens for most....however necessary. So..if a tax hike succeeds for the ones making a quarter of a million dollars or more...b-o-o h-o-o!
When I was in B-school back in the 80's we spent a lot of time talking about our stakeholders. They were your stockholders, employees, suppliers, customers.....basically everyone your company touched. We were taught to consider all of them in our future careers as managers. Then at night we would have cocktails with corporate raiders and junkbond peddlers. It was like having an angel on one shoulder and the devil on the other.
30 years later guess who won? I never hear stakeholder anymore. It's only about what's the stock going to do in the next half hour. We went from a country with a long term perspective to one that lives for the minute. For those of you too young to remember, junk bonds were high risk bonds that investment banks loved to sell to finance hostile takeovers. Companies that had been well run for 100 years were systematically bought, chopped up, outsourced, looted and left as shells of their former selves. It was fine because it was going to keep us competitive with the rest of the world. Bullsh-t. We tore down our house and sold it for firewood. Now our jobs are all overseas and we are out in the cold.
As long as we only reward short term results without regard for the consequences, we are going to have these piranhas running the show.
Where's the rub. Jets and Boats depreciate like mad. The number of workers to build a boat or plane and to maintain them is unbeliveable. Anyway it's better then investing in stocks and bonds where we'll never see it. Point is there is a lot of maintence on these homes, boats and planes.
To everyone who is complaining...
What's it to you? How about a little gracious "MYOB".
We built the Target store in my town around 1991. What a difference 20 years makes.
Target started as a discount retail brand of Dayton-Hudsons and i still remember the the owners rep. telling us that even though Dayton-Hudsons owned Target, they were not related in any other way.
Back then Dayton Hudson viewed Target as the red headed step child. Look at them now. Dayton-Hudson is no more, changed to the Target Corporation years ago.
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[BRIEFING.COM] The major averages ended the midweek session with slim gains after showing some intraday volatility in reaction to the release of the latest policy directive from the Federal Open Market Committee. The S&P 500 added 0.1%, while the relative strength among small caps sent the Russell 2000 higher by 0.3%.
Equities spent the first half of the session near their flat lines as participants stuck to the sidelines ahead of the FOMC statement, which conveyed no changes to the ... More
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