Posted by
Contrarian Guitarist on Saturday, December 02, 2006 4:32:53 PM
Check this out.
CEO Salaries.Professional athlete, actor/actress, rock star salaries.How many people do entertainers employ? A dozen? 50? 100?
How many mortgages are they responsible for?
And the top five paid CEOs (according to the AFL-CIO list) are...
Lee R. Raymond ($8.2m) - Exxon/Mobil - 83,700 employees
Henry A. McKinnell ($6.5m) - Pfizer - 106,000 employees
Edward E. Whitacre Jr. ($5.5m) - AT&T - 189,950 employees
William W. McGuire ($5.1m) - United Health - 55,000 employees
Robert L. Nardelli ($4.6m) - Home Depot - 289,800 employees
At $30 million dollars total salaries for the five top paid CEOs last year that's still less then that of Number 35 on the celebrity list, the retired Michael Jordan!
According to Barney Franks shareholders should set CEO compensation. (With the given eventuality that if the socialists in Washington don't like the numbers they'll fix'em.) Does he also champion letting fans set Kobe's salary? Or movie goers determining Tom Cruise's pay scale?