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Reply #2: CEO pay increases up to 75 and 89% [View All]

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Rose Siding Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jul-09-06 11:40 PM
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2. CEO pay increases up to 75 and 89%
Many Executives' Paychecks Swelled, No Matter How They Did
Compensation Tended to Climb Sharply in Three-Year Period
...
Chief executive Jon E. Bortz could point to a 45 percent increase in LaSalle Hotel Properties' operating profit in 2005 as well as strong shareholder returns for his 89 percent increase in cash pay from 2003, to $1.06 million. On the other hand, K. Paul Singh at Primus Telecommunications Group Inc. had no such numbers to support his 75 percent salary increase over the past three years: His company's shareholders have lost 62 percent of their investment since then, and his company has had more than $100 million in cumulative losses. He makes $700,000. A spokesman for Primus could not be reached for comment.

http://www.washingtonpost.com/wp-dyn/content/article/2006/07/09/AR2006070900385.html

Cap gains tax cuts....stagnant minimum wage....a debate over repealing the ESTATE tax....ARGHHHHHH!!!
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