More on 'obscenely wealthy'
This is in reference to Ronald Lemley's letter to the editor that appeared in the Index-Tribune on April 1 ("Obscene wealth, social responsibility").
I must agree with most of Mr. Lemley's comments regarding the obscenely wealth. He especially made reference to politicians in the recent past who easily fit into that obscenely-wealthy category. What about tis, which appeared in the San Francisco Chronicle on Friday, April 1? Two top PG&E executives also fit into this category. It sates, "Peter Darbee, chairman and chief executive officer of PG&E Corp., received $8.4 million in total compensation last year, down from $10.6 million in 2009. Christopher Johns, president of the utility, received $3.3 million in 2010, down from $3.5 million the year before. Both men, however, made more in base salary last year than they did during 2009.
Gee, golly, what a shame that these two executive had to take a cut, down $2 million for Dabree from the previous year and down from $3.5 to $3.3 million for Johns.
How many of you readers watch "Undercover Boss" on Sunday evenings? This program is a great wake up call for many CEOs who, on this program, step down from their positions to try and perform duties which the regular employees do. Can you see Mr. Darbee or Mr. Johns working around very high voltage electric transformers, etc. as many PG&E electricians, police climbers, etc. do?
Need I say anymore? Thank you, Mr. Lemley for bringing this to our attention.