Word: ceos
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...LensCrafters promises to give free vision care to 1 million people, especially children, by the year 2003. Says CEO David Browne: "If we hit 900,000 instead of a million, we'll be thrilled, and we'll just keep working toward our goal...
...springtime, which means shareholder activists and Big Labor have taken up their favorite pastime: railing against runaway CEO pay. This year's batch of proxy statements provides plenty of ammunition. The corner office of a typical Fortune 500 company comes with annual total compensation of $7.8 million, an increase of roughly 50% over last year. CEOs make a good 200 times more than the average factory worker, even if you throw in the 3% raise that working stiffs gained in 1996. The pay disparity is five times greater than it was 30 years ago--and it's growing...
...wait. The packages that give astronomical amounts to CEOs are exactly the deals that critics were clamoring for in the late 1980s. Then the bigwigs were pulling down huge salaries, out of proportion to company results. The solution? Link pay to stock performance. It seems to have worked like a charm. Corporate profits are at a record high, a task that is, after all, the CEO's job. Those lush profits have helped the stock market soar, as anyone with a mutual fund plainly knows. And it is that bull market that has turned millions upon millions of stock options...
...attempt to speed resolution of the strike, workers have been trying to contact members of the Knight-Ridder board. In February, several union members were arrested on the property of board member Thomas Phillips, former CEO of the Raytheon Corporation and resident of Weston, Mass...
...various times during his career, Jones has been both composer and CEO, artist and entrepreneur. He has raised the technical field of musical production to the level of an art form and created pop stars in the process...