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CEO PAY WATCH
More data, please, to empower shareholders
An April 1 letter writer said: “Please stop reporting the CEO Pay Watch in your business section.” Considering the rest of his fine letter, it is unlikely that he meant it. And I insist that the Star Tribune continue the column. By now, the newspaper must have collected a great database of relevant information. Someone should do research analysis and publish it. Executive larceny at corporations deserves much more airing than it gets.
Bruce Kittilson, Golden Valley
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Although I share the April 1 letter writer’s weariness/anger/disgust with the numbers reported in Pay Watch, allow me to encourage the Star Tribune to expand its coverage of this issue rather than doing away with it. Please include the pay scales of the workforce at large for these same companies right next to the compensation of their CEOs.
But as noted in a neighboring letter the same day (“Reality may not be what ‘average’ implies”), statistics can be tricky things. So, at the very least, use the mean, median and mode when showing this data.
I’m sure the resulting comparison and contrast would be much more informative than just executive pay standing by itself.
Bruce Downing, St. Cloud
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I ask that the Star Tribune also publish the names of the sycophants who are on the executive compensation committees, and the names of consulting firms that make pay recommendations.
My previous experience as a compensation professional has shown me that greed and ego leads CEOs to believe they are never paid too much. They also maintain that they have no say in setting their own compensation, despite the fact that they personally select and approve these committee members and consultants and pay them very generously for their servility.
If the Star Tribune published these names, shareholders could then contact these toadies to demand change.
James Senden, New Brighton
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Health Department hits bottom with ad
The Opinion section is produced by the Editorial Department to foster discussion about key issues. The Editorial Board represents the institutional voice of the Star Tribune and operates independently of the newsroom.