According to the Associated Press, Kevin Mansell, head of Kohl's, Inc., received nearly 9 million last year --down 22 percent from the year before. The bulk of his $11.6 millions in 2008 came as stock options when he was promoted to CEO (Chief Exec. Officer.)
Why do corporate boards do this? Do they really think they couldn't hire a guy for half a million who would be as good as the 9 million a year guy?
I hope Kohls has good benefit and retirement packages for their people. I do believe in business being the provider for their employees --and not the gov't as much.
We are better off when people work for a living and pay taxes --than when they calculate that the gov't should take care of them and will. Of course, the managers and corporate heads deserve to profit from their skills and their years of study, their experience and their MBA degrees. But 9 million dollars a year???? 2 million for the heads of medical corps?
Gee willikers --they WILL work for less --and think what the company could do if they put that money into daycare for employees and exercise rooms, diet plans, etc.? They could help their employees and hire more people.
I call on corporations to help the American economy, starting at the top --before government thinks they can do better --which is what they think now! as they cultivate the non-workers' sense of entitlement to the workers' pay in a nanny nation.
"God is not willing that any should perish, but that all should come to repentance and have eternal life."--the Bible