Sunday, March 25, 2007

Not Bad Work If You Can Get it!

Household incomes in Wisconsin plunged 2.2% from 1999 to 2005, the worst decline in the nation, according to a recent report.

But not everyone is sharing the pain.

We Energy Chairman and CEO, Gale Klappa, earned total compensation of $7.9 million last year including a salary of $1 million up from $962,000 in 2005. Not bad for running a company that as a regulated monopoly is guaranteed a profit!

Bemis Co. Inc of Neenah paid its President and CEO, Jeffrey Curler, $5.8 million with a base salary of $1 million, up from $950,000 the year before. His $50,000 increase was more than Wisconsin’s median household income of $44,650.

And Fiserv Inc. reported that its CEO, Jeffrey W. Yabuki, received total compensation of $4.4 million.

Not bad work if you can get it.

2 comments:

hikeeba_j said...

Bemis Co. Inc of Neenah paid its President and CEO, Jeffrey Curler, $5.8 million with a base salary of $1 million, up from $950,000 the year before. His $50,000 increase was more than Wisconsin’s median household income of $44,650.

Isn't that a sweet deal. I work for Curwood (a wholly-owned subsidiary of Bemis, co-founded by Curler in the 60's).

In the past year, they've closed three Curwood facilities, laid off many salaried and hourly employees, and told us all of how "tough things are because of competition and Wal-Mart".

Waaaaa.....

Michael Rosen said...

Just checked your email. Thanks for the information on Bemis.

Rather than use the catch-all competitiveness to justify what is unretrained greed, they should just say they are playing follow the leader! It appears that Circuit City has learned the game!