Monday, January 11, 2010

Your CEO is costing you $65.38

For those of you who didn't read the financial news right before Christmas, my salary was raised from $885 000 to $925 000. Yes, I have to disclose this information so that the SEC trolls be happy.

Your first reaction might be, holy cow, our CEO got himself a whopping $40 000 raise, this is what profitable growth is about, it's about the bald dude at the top cashing in and driving a Mercedes, isn't it? This reaction is normal, trust me.

But then, if you take out your pocket calculator, you come to the conclusion that it is only a 4.52% raise. Better than what you got probably, but nothing to scream about. In addition, I got a $850 000 bonus compared to $600 000 last year. What did you get?

So let's ask ourselves an honest question: is it okay to pay the CGI chief executive officer $1.7M? Since CGI has 26,000 employees, your CEO is costing you $65.38 individually. I mean, that's fucking cheap! For the cost of a pair of Levis' jeans, you're getting a job and a world-class CEO, I bet the kebab vendor on the street corner would be willing to pay that amount of money to get a CEO who could drive his street food industry to billions of dollar in sales.

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