Wednesday, March 26, 2014

It's The Little Perks That Make It Worthwhile

March 26, 2014

For years businesses have been embracing the idea that perks can mean as much to employees as mere money: Flex time, input on company policy, a workout room, the odd celebration or two...

So why is it that their CEO’s always get the whopping raises?  The reinstated CEO of Penney’s could be cleaning up this year—and not with flex time or a lunch-hour workout.

Says the Associated Press, “J.C. Penney Co. could increase Ullman’s base salary to $1.5 million for this year, from $810,606 in the fiscal year that ended Feb. 1, according to a Securities and Exchange Commission filing Monday. He could also get $5.5 million in stock awards and is eligible to receive a $3 million bonus.”

Mr. Ullman, are you sure you wouldn’t just rather have a birthday cake?

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