[Winona Online Democracy] I agree many corporate salaries seem high, but almost all are rewarded for getting a RETURN ON ASSETS not how many they have,
Without that return pension funds would not buy their stock. We all in fact demand corporations make money to fund retirement plans. Tom Severson -----Original Message----- From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED] Behalf Of Bothuns Sent: Sunday, January 01, 2006 6:12 PM To: JJ; [email protected] Subject: Re: [Winona] New Math? $$ [Winona Online Democracy] "Imagine, a superintendent's salary that is 70% of the total net assets of the district.Net assets. The CEO with $11,000,000 a year isn't likely overseeing a company with total net assets only 30%greater than his salary." Last year several CEOs received compensation that was in excess of the entire net asset value of the companies they headed. Among them were high profile CEO's like Ken Lay of Enron who's company was insolvent and had a negative net asset value but he was hardly the only one. I would say that it is considerably more likely that a CEO will be paid 70% of total net assets than a Superintendent will be paid 1/10th as well as a failing CEO. Perhaps the signifuicant point here is that were have invested only $11 million in the hard assets devoted to generations of our children. Bryon ----- Original Message ----- From: "JJ" <[EMAIL PROTECTED]> To: <[email protected]> Sent: Friday, December 30, 2005 11:35 PM Subject: [Winona] New Math? $$ > [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.) > > _______________________________________________ > This message was posted to Winona Online Democracy > All messages must be signed by the senders actual name. > No commercial solicitations are allowed on this list. > To manage your subscription or view the message archives, please visit > http://mapnp.mnforum.org/mailman/listinfo/winona > Any problems or suggestions can be directed to > mailto:[EMAIL PROTECTED] If you want help on how to contact elected > officials, go to the Contact page at > http://www.winonaonlinedemocracy.org _______________________________________________ This message was posted to Winona Online Democracy All messages must be signed by the senders actual name. No commercial solicitations are allowed on this list. To manage your subscription or view the message archives, please visit http://mapnp.mnforum.org/mailman/listinfo/winona Any problems or suggestions can be directed to mailto:[EMAIL PROTECTED] If you want help on how to contact elected officials, go to the Contact page at http://www.winonaonlinedemocracy.org -- No virus found in this incoming message. Checked by AVG Free Edition. Version: 7.1.371 / Virus Database: 267.14.9/217 - Release Date: 12/30/2005 -- No virus found in this outgoing message. Checked by AVG Free Edition. Version: 7.1.371 / Virus Database: 267.14.9/217 - Release Date: 12/30/2005 _______________________________________________ This message was posted to Winona Online Democracy All messages must be signed by the senders actual name. No commercial solicitations are allowed on this list. To manage your subscription or view the message archives, please visit http://mapnp.mnforum.org/mailman/listinfo/winona Any problems or suggestions can be directed to mailto:[EMAIL PROTECTED] If you want help on how to contact elected officials, go to the Contact page at http://www.winonaonlinedemocracy.org
