A Dark Journey Into The Bowels of America's Corporate StupidStore and Other Commentary About The Absurdity of Life In A World Going To Hell
Thursday, October 13, 2011
Pencils' Executive ComPISSation
During the fiscal year of 2010, Pencils rewarded its CEO with over $15,000,000 in compensation, despite the fact the share price of Pencils stock was down 16% from the previous year. The 15 mil doesn't include the perks like life and health insurance, entertainment and travel expenses. If you have the good fortune of being a Pencils' associate, you can see where I'm going with all this. If not, bear with me and you'll find out. The CEO answers to the Board of Directors, and secondly to all the investors who have stupidly invested in a company that doesn't give a rat's ass about their employees. All these people care about is the "bottom line" and seeing the stock price rise. The stock price is based on several factors including sales and growth, projected earnings, etc. which doesn't happen without employees doing their job. Treat the employees like crap, and see where it all goes. I guess I should be happy with my $1.75 bonus this month.