Originally Posted By skinnerbox The Institute for Policy Studies has an article about "CEO Pay and the Great Recession": <a href="http://www.ips-dc.org/" target="_blank">http://www.ips-dc.org/</a> From the article: "CEOs of the 50 firms that have laid off the most workers since the onset of the economic crisis took home 42 percent more pay in 2009 than their peers at S&P 500 firms, according to 'CEO Pay and the Great Recession,' the 17th in a series of annual Executive Excess reports from the Institute for Policy Studies. 'Our findings illustrate the great unfairness of the Great Recession," says Sarah Anderson, lead author on the Institute study. "CEOs are squeezing workers to boost short-term profits and fatten their own paychecks.'" HuffPost took the IPS data and made a factoid slideshow of the top 10 CEOs who laid off the most workers: <a href="http://www.huffingtonpost.com/2010/09/01/ceo-pay-layoffs_n_701908.html#s133337" target="_blank">http://www.huffingtonpost.com/...#s133337</a> What a surprise, there's Bob Iger on the list, ranked at #9. Iger's total compensation for 2009: $21,578,471 Announced annual layoffs (11/01/08 to 04/01/10): 3,400 He's certainly making the Disney Magic™ work for him.
Originally Posted By Mickeymouseclub Thanks I needed a good laugh since I just got off the phone arguing about overcharges on my AT&T cell phone bill which has given me a severe headache! I am happy for these CEO's...NOT
Originally Posted By fkurucz What was most demoralizing at HP was how while they kept taking benefits away from us and imposing across the board pay cuts (while the company was making record profits) was to hear about the CEO's pay package.
Originally Posted By leemac Not surprised to see Weldon on that list at #2. I'm still amazed he has a job considering his botched handling of the chronic failings at McNeil. If anyone gets FORTUNE there is a great article in the current edition about their handling of the Tylenol health scares.
