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
Some top executives just don’t have a clue about the real world, the world where their customers and employees struggle to cope with the rising cost of food, fuel and other necessities.
A new report by the Associated Press shows that CEOs at many of the largest companies in the U.S. were paid better last year than they were in 2007 — “when the economy was booming, the stock market set a record high and unemployment was roughly half what it is today.”
AP’s study found that the typical pay for the top exec at a Standard & Poor’s 500 company was $9 million last year, up 24 percent from 2009.
An Accountemps survey released this week indicates that promotions and pay raises may be back in the discussion as the economy continues to recover.
Half of the chief financial officers surveyed by Accountemps said they planned to promote their most productive employees and 48 percent said they would give pay raises — when the economy improves.