Friday, May 06, 2005

Still the best job in the world

How would you like this deal? Your job requires you to be in two distant cities at times during the year. So, having a few extra dollars and disliking life in a hotel room, you decide to buy or rent a house in each city. If you are the CEO of a Fortune 1000 or other public company, the chances are good that you can have the company pay you for living in your own house, even it's only for a few days a month. That’s what more and more companies are doing. For example, Time Warner pays its CEO $9,500,000 a year, yet he feels the need for $48,000 more to pay the rent for his apartment in LA, whether or not he spends much time in it. Michael Eisner of Disney has a better deal: he gets $120,000 a year for his Pierre Hotel pad. And the list goes on.

How do you spell greed? A public company CEO.

2 comments:

Deb said...

In spite of NCLB...I can spell "greed" :

i - m - m - o - r - a - l

Dogman said...

Many excellent points! I'm going to link you on my blog.. stop in for a visit sometime!