Retail therapy: Mall chief's $137M year
VIDEO ON MSN MONEY
Obummer ... wasting taxpayer`s hard-earned money on "green energy" handing out money to FAILS like Solyndra , while we need to develop our own CNG and oil which is PLENTIFUL.
I guess he`d rather China have the Canadian oil , so they can further PWN us.
BUT with that said these people are being paid these outrageous sums from private companies that will sink or swim on the decisions these people make .
Thing is - these CEOs get those huge paychecks and benefits even AS the company is going down the drain - apparently - their performance isn't reflected in their paycheck.
Many are starting to think that some Board of Directors Members are getting "kickbacks" from the CEO they give these huge salaries and benefits to - other wise they would not do so.
Time for the conservatives we all elected to congress to protect the stock holders - investors seem to have very little to say about how much their Board of Directors gives these CEOs in salary and bonuses.
And - does anyone wonder if these board members are getting "kick backs" on these huge salaries?
Most locals think that the Public Service Members must be getting "kick backs" from all those utilities they keep giving rate increases to - maybe the Board of Directors of large companies do the same thing.
Moreover - how about these CEOs paying an equal share of their salaries in Federal Taxes - like the guy making less than $40,000 a year who pays 12% of his paycheck in taxes.
Sure glad I'm not a JCPenney stockholder; I'd ask for my 1%.
Here's the problem I got with these over paid CEOs'. This guy is a prime example, the guy never invented a life changing tool or device, never started a large corporation employing hundreds or even thousand of workers. If sales revenue drops and profits aren't enough to keep stores open this guy collects hugh amounts of money while the people working in the stores and warehouses lose their jobs. I don't believe in handouts' and I'm not asking for any of his money. But the least these high earning CEOs' could do is spread that money around within the employees that work for the company. I see it as a insult to the people who have spent years working for JC Penny.
Once again another example of how the CEO's are stealing the wealth of a company that used to be share with the employees who actually generated to inceases. Now CEO's are awarded for keeping control of the true makers of the increased weatlh. If he was paid a modest amount, say 1 million per year, what would the empoyees be entitles to... certainly more than a cost of living adjustment....
When will people see what is going on and put a stop to this. It is ruining our economy. The employees would put the money back into the economy and grow jobs and increase the wealth of everyone. I will bet this CEO books his new digs besides Bill Gates in France...
"Penney...says outgoing CEO Ullman 'laid the groundwork for the changes now underway at the company ... which included several years of significant economic challenge for JC Penney customers.' " JC Penney customers' biggest challenge is being under- or unemployed!
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[BRIEFING.COM] Stocks entered the weekend on a mixed note as the S&P 500 shed 0.1% while the Dow ended with a gain of 0.1%.
The major averages began the day on a lower note as nine of ten sectors saw losses of more than 0.5%.
The consumer staples sector was the lone exception as the group spent the entire day in positive territory thanks to the relative strength of Dow component Procter & Gamble (PG 81.89, +3.19). The second-largest staple stock advanced ... More
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