Tag Archives: compensation

Knoxville No. 2 on the ‘Happiest Workers’ list

Disneyland may be the happiest place on earth, but Knoxville has some of the happiest Sunset.PE.jpgworkers in the country.

So says CareerBliss, a website “dedicated to helping you find happiness in the workplace and therefore in life.”

Knoxville is No. 2 on the CareerBliss list of the “10 Happiest Cities For Workers.”

The happiest city is Dayton.

At the request of Forbes, CareerBliss asked 36,000 workers across the country to evaluate a variety of factors that affect workplace happiness. Things like growth opportunities, relationships with bosses and co-workers, compensation, company culture and work environment.

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New Ruby Tuesday CEO granted 600K shares

 

 New Ruby Tuesday President and CEO JJ Buettgen has been given nearly 600,000 shares of company stock as part of his compensation package, the Maryville-based restaurant chain said.

Ruby Tuesday

Ruby Tuesday

The award includes 497,546 shares of service-based restricted stock and 102,433 shares of “performance-based restricted stock assuming maximum performance is achieved,” according to a news release.

In addition, Buettgen was granted an option to buy more than 750,000 shares.

 

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Big pay day for Alcoa exec despite pay cut

The second half of 2011 wasn’t kind to Alcoa Inc.’s stock price and Chairman and CEO Klaus Kleinfeld paid the price.

032610alcoa9_mc12884.JPGBecause his base pay is performance based, the aluminum company slashed Kleinfeld’s annual salary 45 percent to a relatively paltry $1.5 million when the stock slumped.

Don’t shed too many tears for Kleinfeld, though. His total compensation for the year was more than $14 million, Reuters reported. That includes salary, stock options, pension and other goodies.

I want that kind of job — take a 45 percent pay cut and still bank millions.

Reuters: Alcoa CEO’s awards cut on poor stock performance

Photo: Klaus Kleinfeld

Will corporate execs do the right thing in 2012?

In case you missed it, here’s a recent attempt on my part to convince greedy corporate execs to do the right thing in the new year.

My column in the News Sentinel business section suggests that more CEOs should follow the example of Los Angeles Angels pitcher Jered Weaver when it comes to pay raises.

As is often the case, readers posted interesting comments.

A Christmas wish for executives

Do business leaders have the guts for education reform?

Gov. Bill Haslam’s proposal to increase from three to five years the time it takes for new teachers to earn tenure seems reasonable. I’m glad Tennessee’s business community has stepped up to support the idea. However, a more important question is will the business community provide the same leadership on teacher compensation issues?

Talking about teacher pay isn’t going to be popular, given the budget cutting frenzy that grips Nashville — and other state capitals — these days. But it is a necessary discussion. The single, most important factor in providing a quality education is having a great teacher in every classroom. And to attract — and keep — the best teachers, we need to pay them like we mean it.

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