With executive pay, rich pull away from rest of America

From the Washington Post:

It was the 1970s, and the chief executive of a leading U.S. dairy company, Kenneth J. Douglas, lived the good life. He earned the equivalent of about $1 million today. He and his family moved from a three-bedroom home to a four-bedroom home, about a half-mile away, in River Forest, Ill., an upscale Chicago suburb. He joined a country club. The company gave him a Cadillac. The money was good enough, in fact, that he sometimes turned down raises. He said making too much was bad for morale.

Forty years later, the trappings at the top of Dean Foods, as at most U.S. big companies, are more lavish. The current chief executive, Gregg L. Engles, averages 10 times as much in compensation as Douglas did, or about $10 million in a typical year. He owns a $6 million home in an elite suburb of Dallas and 64 acres near Vail, Colo., an area he frequently visits. He belongs to as many as four golf clubs at a time — two in Texas and two in Colorado. While Douglas’s office sat on the second floor of a milk distribution center, Engles’s stylish new headquarters occupies the top nine floors of a 41-story Dallas office tower. When Engles leaves town, he takes the company’s $10 million Challenger 604 jet, which is largely dedicated to his needs, both business and personal.

3 Comments

  1. And this is good for the country how? Trickle down my ass. How many more employees could they have, and how well could they live, if these assholes didn’t need these ridiculous salaries? What kind of shape would our country be in? Pay people a good wage, they spend their money on local goods and services. EVERYONE would benefit. Go ahead, tell me I’m wrong. Then shove your head a little farther up your ass.

  2. I think these people are really part of the international communist conspiracy. Once the American worker understands how badly they have been fucked over by their owners & believe they have nothing left to lose they will rise up & crush these bastards in favor of a communist government. How else can you explain their stupidity?
    Rational people don’t support communism, but rational people do not act the way these masters of the universe are behaving.

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