RE: Green Streak

["Booth Martin" <Booth@xxxxxxxxxxxx>]

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In other words they were underpaying their low-end people?

(btw, it was the owners that decided that.  The more cynical among us felt
that was just a ploy to enhance stock value by keeping all wages down.  It
proved effective.  Ben and Jerry sold their stakes in the business for a
very hefty profit.)



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Booth Martin   http://www.MartinVT.com
Booth@MartinVT.com
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-------Original Message-------

From: midrange-l@midrange.com
Date: Tuesday, August 06, 2002 13:01:04
To: midrange-l@midrange.com
Subject: RE: Green Streak

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Simon

Ben & Jerry's Ice Cream made an announcement to their employees that no
CEO would be paid more than x times than certain other employees. (I
forget the exact numbers.) Turns out they had to renege on that promise.
They couldn't find a qualified CEO.

I got that from a TV documentary 'Greed' by John Stossel. So good, they
had to run it a few times.

<snip>
Is a CEO worth twice
what the guy on the shop floor gets? Probably. Is he worth 10 times?
Maybe. Is he worth twenty times? I doubt it.

Perhaps that requires too high a level of altruism? OK, altruism is not
really part of human nature. Even people who are involved in supposedly
altruistic endeavours are doing it for what they personally get out of it
rather than any actual benefit to the supposed beneficiary.
<endsnip>

Rob Berendt
--
"They that can give up essential liberty to obtain a little temporary
safety deserve neither liberty nor safety."
Benjamin Franklin
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