> I am really angry that there doesn't seem to be BIG outrage at the money that Thandiwe Peebles is getting out of our wallets. We bring in this >lady from out of town, pay her over 50k more than she got at her old job, and then she makes us pay for her living expenses. I wonder why the >**** we couldn't have got somebody that already lived here and paid them closer to $60,000.
Because if we only paid $60K a year, we wouldn't have been able to get a quality superintendent. Simple. I went over to www.salary.com to use the salary calculator to check on a hunch. I have family in retail, and as I suspected, the median salary for a district manager in retail in this area is around $60K ($67,000 to be precise). The Minneapolis school district, according to their website, has over 8,000 employees and a budget of $600 million. So you think that paying less than a district manager salary for a position that involves overseeing more employees and a bigger budget would work? I then went to find a company that has revenues of around $600 million (not exactly an apples to apples comparison, I know, but it is still close). Urban Outfitters happens to have revenues around $600 million per year. According to their latest DEF-14A filing, the Chairman of Urban Outfitters, Richard Hayne, has a base salary of $278,000 in 2004, a bonus of $105,000, and other compensation of almost $29,000. This does not include benefits like health or life insurance. The President of Urban Outfitters Retail, Tedford A. Marlow (talk about your blueblood names!), has a base salary of $373,432 in 2004, and a bonus of $405,000. The number of employees at Urban Outfitters is 4,600, or a bit more than half the number of employees in the Minneapolis School District. Given these facts, it is pretty hard to argue that Peebles is somehow "overpaid." I'm not losing any sleep over it. === Nathan Hunstad CARAG Minneapolis, MN PGP DH/DSS public key -- http://www.angelfire.com/mn/freakpower/nhpubkey.txt ________________________________________________ Do you Gonzo?! http://www.angelfire.com/mn/freakpower REMINDERS: 1. Think a member has violated the rules? Email the list manager at [EMAIL PROTECTED] before continuing it on the list. 2. Don't feed the troll! Ignore obvious flame-bait. For state and national discussions see: http://e-democracy.org/discuss.html For external forums, see: http://e-democracy.org/mninteract ________________________________ Minneapolis Issues Forum - A City-focused Civic Discussion - Mn E-Democracy Post messages to: mailto:[EMAIL PROTECTED] Subscribe, Un-subscribe, etc. at: http://e-democracy.org/mpls
