The relative worth of one’s work
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Last year alone, Fuld received about $45 million, or around $17,000 an hour in executive pay, a calculation penciled out by New York Times columnist Nicholas D. Kristof. And who says perform-ance pay doesn’t work?
To get a feel of what it’s like to be filthy rich, let’s put ourselves in Fuld’s Gucci shoes. Comfy, aren’t they? Our morning routine begins with a stroll to a New York deli, where we order an onion bagel and cream cheese, take a sip of freshly brewed Argentinean coffee and flip through The Wall Street Journal. In that short span of time, let’s say 30 minutes, we would have already earned $8,500. Ah, that bagel suddenly tastes a lot better, doesn’t it?
Now let’s put this calculus to work for those of us living here. Spend an hour and 20 minutes in Fuld’s corner office, and we would have earned the annual salary ($22,120) of a Yakima Valley farm worker who busts his butt picking apples, cutting asparagus, tending hop vines on steamy 100-degree days in August.
The relative worth of one's work Yakima Herald-Republic, WA - 1 hour ago For starters, we would have no credit card debt . These barons of the boardrooms, while they were dragging their companies into bankruptcy and this nation …
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Source: The relative worth of one's work – Yakima Herald-Republic
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