Tuesday, May 09, 2006

Big Raise.

I had heard that the Corporate Overlord had somehow earned himself a big bonus but I only today found out the specifics. For 2004 he had earned a salary of about half a million dollars and received $180,000 in stock compensation. For 2005, a year plagued with financial scandals, a $10 million dollar loss, accusations of spousal abuse, earnings restatements, the purchase of a corporate jet, the threat of NASDAQ delisting, failure to file the proper SEC documents and, in short, the worst year in The Corporation's history, the board saw fit to DOUBLE his salary to over a million dollars a year and give him a similar value in stocks. All told a 286% increase in his income.

I am at a loss for words.

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