It's about time a CEO took a pay cut

ConAgra cuts CEO pay Aug. 16

It's about time an exec took a cut

Finally some sanity in the boardroom. Last week your business section mentioned that a CEO of a major American company, ConAgra Foods, actually had his pay cut by a whooping 41 percent based on the performance of his company's stock under his leadership. What a concept! It's about time.

CEOs are the most overpaid group of people in the American work force and never seem to be held accountable for their performance, as the rest of us are.

Even when they are fired, sometimes even for malfeasance, they leave with "golden parachutes" typically worth millions.

Kudos to ConAgra Foods and its "for real" pay-for-performance philosophy. Let's all hope that other corporations, boards of directors and stockholders are paying attention and follow suit.

George A. Newman, Tampa

Neglected ports

Ports generate needed jobs

Why not upgrade our ports?

I have always wondered why we are not making use of our ports. Why should ships have to bypass Tampa Bay and go all the way to Mobile or New Orleans for heavy repair? Why don't we have the heavy-repair facilities located here?

Those operations generate what this area desperately needs: well-paying, middle-class, blue-collar jobs, and lots of them.

Instead of taxpayer-subsidized fish tanks, museums and sports venues, we need jobs that can support families. Who is running the show around here?

Neil Puckett, Lutz

In case you blinked, here's what happened, column Aug. 17

Gas price drop lags oil's decline

Mr. Trigaux informed us that gas has gone down locally 30 cents in the past 30 days and finishes his statement with: "A fabulous break for the wallet. We need it."

Well, it has been almost one month since the price of a barrel of oil dropped 24 percent. As I calculate it, our retail price has gone down less than 10 percent.

That is not a reason to celebrate. We need to demand more of a reduction.

Gail Randle, Clearwater

On jobs heading overseas

'Great sucking sound' foretold

I'm surprised some writer has not mentioned that Ross Perot was right. It's loud and clear as a bell now … the "great sucking sound" of jobs going overseas. Our jobless situation had been forecast years ago.

Unless we get some, or all, of our manufacturers back doing business here in the United States, things will continue to get worse. There's no mystery here.

Don Peters, St. Petersburg

It's about time a CEO took a pay cut 08/23/08 [Last modified: Saturday, August 23, 2008 4:32am]

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