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He Explains Capitalism in America..
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<blockquote data-quote="vantexan" data-source="post: 1851215" data-attributes="member: 24302"><p>Is it executive pay or executive compensation? Salary is pay but that's not where most of the money is made. Executives in every industry today are in bed with Wall Street. The real money is in stock options, and they make the big money by holding down costs to increase profits. That translates into higher stock prices, and our executives cash in. So when you see how much our executives are making remember it's not their paychecks that are so high, and they're plenty high enough, it's that they are taking it out of our hides to cash in. But in FedEx's case they've demanded so much from us for so long with so little reward that their chickens are coming home to roost. Most people who work in demanding environments expect excellent compensation in return. Looks like reality finally set in that they can't continue to lie and screw us over and get away with it. Dano can talk all he wants about higher quality of life, it declined for FedEx couriers in the last 15+ years. We work for greedy, dishonest people who only give more grudgingly, and wouldn't if they didn't have to.</p></blockquote><p></p>
[QUOTE="vantexan, post: 1851215, member: 24302"] Is it executive pay or executive compensation? Salary is pay but that's not where most of the money is made. Executives in every industry today are in bed with Wall Street. The real money is in stock options, and they make the big money by holding down costs to increase profits. That translates into higher stock prices, and our executives cash in. So when you see how much our executives are making remember it's not their paychecks that are so high, and they're plenty high enough, it's that they are taking it out of our hides to cash in. But in FedEx's case they've demanded so much from us for so long with so little reward that their chickens are coming home to roost. Most people who work in demanding environments expect excellent compensation in return. Looks like reality finally set in that they can't continue to lie and screw us over and get away with it. Dano can talk all he wants about higher quality of life, it declined for FedEx couriers in the last 15+ years. We work for greedy, dishonest people who only give more grudgingly, and wouldn't if they didn't have to. [/QUOTE]
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