MyBayCity.com
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Government Article 3297: 23-Nov-08
Bay City Mayor, City Commission to Peer Into Financial Crystal Ball By: Dave Rogers |
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"The BUZZ" - Read Feedback From Readers! |
Observer says:
On November 24, 2008
at 04:24 PM
HEY! What's this about making the auto company CEO's take a pay cut?
The argument justifying exorbitant CEO pay is that a company MUST pay those dollars to attract the BEST BRAINS! Bob Sheiffer on CBS Face The Nation Sunday ran these interesting numbers. Toyota CEO Pay. $1 million Profits: $5 BILLION (Profits... see that?) GM: CEO pay $15.7 million LOSS: $15.9 BILLION FORD: CEO Pay $21.7 million LOSS: $7.5 BILLION Maybe those brilliant CEO's at GM and Ford use a different math and normal people just can't understand it. |