Thinking Out Loud - Ms. Green

Commentaries from a female, conservative Christian worldview. Intermittent observations on human behavior and current events. Occasional bursts of personal tirades,confessions, and discoveries. Frequent discussions about my "Narrow-Minded Faith".

<< Back to Main Page

Saturday, August 26, 2006

Corporate America Tackiness

In an extremely tacky and insulting move, Northwest Airlines recently passed out a booklet to it’s workers who are being laid off that offers "101 Ways To Save Money," including "don't be shy about pulling something you like out of the trash" and "ask your doctor for samples of prescriptions." The booklet goes on to suggest procuring hand me down clothes and toys for their kids, water conservation, and thrift-store shopping.
To top it off, CEO Doug Steenland is being heralded as almost a “hero” for the cuts he has voluntarily taken in an effort to “sacrifice” along with the little people.

A list of cuts Steenland has received includes:
Annual salary: cut $159,469
Bonuses:cut $975,000
Long-term compensation: cut $194,453
Canceled stock: cut $3,819,396
Total cut: $5,148,318

Sounds like the guy gave up a lot.

Comparatively.

Here is what he gets:

$516,000 plus salary yearly
$2.24 million from sales of e-commerce technology

So he’s not as much of a millionaire as his peers.

I don’t bemoan corporate brass their salaries or incentives, because I believe in capitalism and think if someone thinks someone is worth that kind of money, that’s their business.

What I do object to is the insensitivity and callousness of upper-management talking down to those in the working class and basically saying “let them eat cake”.

Wonder how many garbage dumpsters Steenland is planning on visiting each week? And is the Salvation Army on his wife’s list of stores for Saturday shopping?

Labels:

Continue reading..

3 Comments:

At 7:28 PM, Blogger D.Daddio Al-Ozarka said...

Maybe the Airline should hand out membership applications for the Rainbow People!

LOL!

 
At 7:31 PM, Blogger D.Daddio Al-Ozarka said...

BTW, I love the "blanket endorsement" thingy!

LOL!

 
At 7:21 AM, Blogger Brooke said...

Whoa. Talk about having some stones!

Geez, that is in such poor taste; "Let them eat cake" pretty much sums it up!

 

Post a Comment

Links to this post:

Create a Link

<< Home