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Results tagged “corporategreed”

To Go With That 97% Drop In Profit

It makes perfect sense for a company that just suffered a gigantic drop in profit (and one that has been struggling all year) to give its new Chief Financial Officer, the one who will preside over the books during its downward spiral, a big fat paycheck. Troy Alstead, the incoming CFO for Starbucks Corporation, will be paid an annual salary of $450,000. But wait, there's more: he also receives eligibility for a $225,000 bonus and a stock option grant worth over $200,000. So, let's get this straight: the company is struggling for its life, facing continuously decreasing profit, and the head money man could get paid nearly $900,000 a year. Is it no wonder the numbers coming out of the Mermaid are so dismal? more ›

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