Thursday, March 24, 2005

CEO Pay Watch – A Continuing Crime

How they love money, thought Wilhelm. They adore money! Holy money! Beautiful money! It was getting so that people were feeble-minded about everything except money.
Saul Bellow, writer. Quote from "Seize the Day"

Wells Fargo & Co, the fifth largest U.S. bank, which charges customers plenty in ATM fees and cashes in on other penalties assessed upon its valued clients, paid its CEO a $995,000 salary, a$7.5 million bonus as well as other compensation totaling $768,376. He also received stock options worth $20.4 million.

Maybe if he received $100,000 less we could get a few extra tellers during lunch.

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