Welcome to Buster's Blog

Irregular commentary on whatever's on my mind -- politics, sports, current events, and life in general. After twenty years of writing business and community newsletters, fifteen years of fantasy baseball newsletters, and two years of email "columns", this is, I suppose, the inevitable result: the awful conceit that someone might actually care to read what I have to say. Posts may be added often, rarely, or never again. As always, my mood and motivation are unpredictable.

Buster Gammons















Sunday, May 24, 2015

Executive Pay: Is That Enough For Ya?


A recent survey of 200 large, publicly-held American companies found that the average CEO compensation package was $22.6 million per year.  Local Columbus yokel Les Wexner of L Brands (The Limited, Victoria's Secret, etc.) was just a touch above average at $23.6 million.  Former Nationwide head and current JP Morgan Chase CEO Jamie Dimon makes due with a bit more -- $27.6 million -- while his shareholders eat government fines for mortgage lending/securities fraud and currency manipulation.

"Reality programming is cheap and profitable
opium for the masses.  Cha-ching!"
But those two pale in comparison to Numero Uno, one David M. Zaslav, head-Fred of Discovery Communications, aka the Discovery Channel.  CEO Zaslav is ultimately responsible for inflicting upon us such "reality entertainment" as Alaskan Bush People, Cake Boss, Moonshiners, and Naked and Afraid.  

 And for that, he scrapes by on the astonishingly obscene compensation of $156 million.  Per year.  For Cake Boss.  OMFG!

Can you not understand why many Americans are concerned and angry about income inequality?  In this area, we need what the stock market analysts would call a "correction."
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