[Winona Online Democracy]
"Imagine, a superintendent's salary that is 70% of the total net assets of
the district.Net assets. The CEO with $11,000,000 a year isn't likely
overseeing a company with total net assets only 30%greater than his salary."
Last year several CEOs received compensation that was in excess of the
entire net asset value of the companies they headed. Among them were high
profile CEO's like Ken Lay of Enron who's company was insolvent and had a
negative net asset value but he was hardly the only one. I would say that
it is considerably more likely that a CEO will be paid 70% of total net
assets than a Superintendent will be paid 1/10th as well as a failing CEO.
Perhaps the signifuicant point here is that were have invested only $11
million in the hard assets devoted to generations of our children.
Bryon
----- Original Message -----
From: "JJ" <[EMAIL PROTECTED]>
To: <[email protected]>
Sent: Friday, December 30, 2005 11:35 PM
Subject: [Winona] New Math? $$
[Winona Online Democracy]
Bryon Bothun said, in part:>When the average Superintendent's pay hits
somewhere>north of $6 million I think we can start the discussion>about
whether Educational administrators are over paid.Thanks for the chuckle,
Bryon. Imagine, a superintendent'ssalary that is 70% of the total net
assets of the district.Net assets. Get it? The CEO with $11,000,000 a year
isn'tlikely overseeing a company with total net assets only 30%greater
than his salary. (Oh just forget about Enron.)
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