Thursday, February 05, 2009

CEO Money

USA Today has a very informative page on money being paid to CEO's and other corporate big shots:
http://www.usatoday.com/money/graphics/ceo-comp/flash.htm

Here is an example for the site under financials:
Washington Mutual's executive, Kerry Killinger had a salary of $1,000,000, no bonus, other compensation was $397,752, stock and options awards $12,967,131, total compensation $14,364,883, change from '06 -21%, shareholder return -68%. Pretty amazing.

If I read these tables correctly, your company can lose money but your CEO will still get his/her bonus. Must be nice. It might be time for all shareholders to pay particular attention to the money paid to these CEO's. While many Americans have lost jobs, these outrageous salaries and bonuses that are paid to these executives, appear obscene. If any of these companies received taxpayer bailout money, this is wrong.