From BusinessWeek:
No Hair Shirts, But Still...:
"Lyne got a cash bonus of $625,500 last year. Instead of pocketing it, though, she asked the board to give $200,000 to a bonus pool for employees and convert the rest into restricted shares that won't fully vest until 2009."and then later in the article:
"There was a period of time in the 1990s when the bigger your pay package, the more people respected you,' says Lyne, who earned a $900,000 salary in 2005. 'I think that has changed -- dramatically. There's a very different sense of what makes a good leader of a public company.'"
BTW what is a Hair shirt????
1 comment:
I love it...I just can stand so see companies paying huge salaries to CEO and they are cutting back thousands of jobs or going bankrupt. But believe when I say that I have nothing against people making a lot of money. I enjoy myself quite well. It just doesn't sit right with me to see that.
So Bravo to Martha's CEO
Kenneth
Mortgage Note Buyer
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