Quotes About Ceo Pay

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Quotes About Ceo Pay

Sometimes I hear news about the huge dollars involved with CEO pay and corporate-management salaries, and Im mystified at how someone can justify taking that much at the cost of other peoples livelihoods. In a bizarre way, Im almost kind of curious, like "How can they absolve themselves and enjoy their wealth?" I dont understand it.
— Eddie Vedder —

Ed Woolard, his mentor on the Apple board, pressed Jobs for more than two years to drop the interim in front of his CEO title. Not only was Jobs refusing to commit himself, but he was baffling everyone by taking only $1 a year in pay and no stock options. "I make 50 cents for showing up," he liked to joke, "and the other 50 cents is based on performance.

— Walter Isaacson

For most of the twentieth century, directors were paid largely in cash. Now, so that their interests will be aligned with those of shareholders, much of their pay is in stock. Boards of directors were once populated by corporate insiders, family members, and cronies of the C.E.O. Today, boards have many more independent directors, and C.E.O.s typically have less influence over how boards run. And S.E.C. reforms since the early nineteen-nineties have forced companies to be transparent about executive compensation.

— Anonymous.

While it is almost certainly true that leaders ought to eat last, the evidence on the ever-widening difference between CEO and average employee pay and the enormous severance packages leaders obtain even as front-line workers see their economic well-being eviscerated makes a mockery of the idea that leaders do anything other than take care of themselves.

— Jeffrey Pfeffer

Contrast 1968, when the CEO of General Motors took home, in pay and benefits, about sixty-six times the amount paid to a typical GM worker. Today the CEO of Wal-Mart earns nine hundred times the wages of his average employee. Indeed, the wealth of the Wal-Mart founder's family in 2005 was estimated at about the same ($90 billion) as that of the bottom 40% of the US population: 120 million people.

— Tony Judt

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