Daily Kos: Mott's Corporate Greed: Rotten to the Core (seen on PBS!)

[Omaha Steve]

http://www.dailykos.com/story/2010/9/8/900089/-Motts-Corporate-Greed:-Rotten-to-the-Core

by Tula Connell
Wed Sep 08, 2010 at 08:29:31 AM PDT

Dr Pepper Snapple Group CEO Larry Young pocketed $6.5 million last year. But he thinks his employees at Mott's applesauce plant in Williamson, N.Y., should make $20,000 a year. So, the corporate conglomerate has been trying to cut $1.50 an hour--$3,000 a year--from the salaries of the 350 skilled workers, while freezing pensions and health care.

But there's no need to bring up CEO pay. Really. According to Dr Pepper Snapple Senior Vice President Robert Callan:

Executive pay is completely irrelevant to the discussion.

Really. More from Callan in this great segment from PBS:

The Williamson employees have enjoyed wages that have exceeded 50 percent of the market for a very long time. The best example I can give you is one of our forklift drivers at the Williamson facility makes $20 an hour. Local market in the Williamson area a forklift driver will make about $9.90 an hour--about $20,000 a year.


FULL story at link.

[blindpig]

1. The arrogance of these capitalists is unreal

They want to see some 'leveling', let's start with them.

[Bonhomme Richard]

2. Fine. Pay the guy that probably gave the company 25 years of his life...

$20K since that is what the local market will pay. With that logic then the CEO of Dr. Pepper should make what the owner of that local company that only pays $9.50/hr. I'll bet it isn't anywhere near 6.5 fucking million dollars.

[TwilightGardener]

3. Yep, let's continue the race to the bottom of the wage barrel. Let's see how much

applesauce and Dr. Pepper a family can afford when everyone's making 9.50 an hour or less.

[Starry Messenger]

4. Sick.

k & r