Mother Jones: 10 CEOs Who Got Rich By Squeezing Workers

[flpoljunkie]

10 CEOs Who Got Rich By Squeezing Workers
— By Josh Harkinson
May. 12, 2011

Corporate profits grew 38.8 percent in 2010, the biggest increase since 1950. But while CEOs earned an average of 20 percent more last year, many Americans continued to lose their jobs and benefits. The insecurity of the middle class has a lot to do with how executives are paid. Bonuses pegged to stock prices encourage CEOs to mercilessly outsource and downsize, slashing costs to boost profits. The result is that more corporate leaders are getting paid at the expense of average workers. Here are 10 of the worst offenders:



*Duke's pay would have dropped even more had Walmart not stopped calculating his bonus based on same-store sales, which have declined over the past two years.

http://motherjones.com/mojo/2011/05/ceo-executive-pay-layoffs

[rug]

1. Olive Garden

[Hardrada]

4. But of course!

Hello, everybody here, I'm Chuck and I'll be your server!

[izquierdista]

2. 10?

Must be out of a sample of 10. That way the percentages work out right.

[Curmudgeoness]

3. CEO of GE compensation up 175%. Woohoo. Wish I could get

1.75%. If I worked there, that would just piss me off to no end. I wish that stockholders would take a stand against this trend, but it just isn't happening. Short term gains, long term disaster.

[davidpdx]

5. I'm going to read this one later

Right now I'm about 3/4 of the way through No Logo, so this fits into my current reading.