[rescue] Cluesticks (was Mounting and Dumping)
brian.dunbar at plexus.com
Sat Jan 17 08:01:22 CST 2004
On Jan 17, 2004, at 5:12 AM, Mike Meredith wrote:
> On Fri, 16 Jan 2004 17:55:38 -0500, Dave McGuire wrote:
> > On Jan 16, 2004, at 5:36 PM, Phil Stracchino wrote:
> > >> I firmly believe it's not the low current prices, but the high
> > >> executive compensation that is to blame here.
> I'm not sure high executive compensation makes a great deal of
> difference to the bottom line ... however ...
Eighteen months ago the salaried staff at work were "asked" to take a
10% pay cut. The folks at the VP and C*O rank took a 15% pay cut.*
The amounts involved for the latter were negligible, but the morale
boost involved was not unsubstantial.
Perhaps what Dave was getting at was not that the money involved makes
the difference to the bottom line, but that the environment generated
by the disparity in salary is lethal to the company's esprit-de-corps?
*Good news on the pay front - just before Christmas 2003 full salaries
were reinstated, as promised.
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