tag:blogger.com,1999:blog-24215087.post2992556004962244962..comments2023-05-14T07:51:18.017-05:00Comments on The Suburban Christian: Whole Foods Market CEO's salaryAl Hsuhttp://www.blogger.com/profile/04407264726681695790noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-24215087.post-21812266484616548722008-02-22T16:58:00.000-06:002008-02-22T16:58:00.000-06:00the "14 times" stuff is just public relations. Th...the "14 times" stuff is just public relations. The guy takes home millions a year by exercising stock options.<BR/><BR/>from Forbes:<BR/>New York -<BR/><BR/>Strange, but true: One company actually receives positive press for its executive compensation. Media reports frequently tout Whole Foods' pay policy, which caps the chief executive's salary and bonus at 14 times the average worker's pay. The Wall Street Journal, Slate.com, Harvard Business Review and BusinessWeek have all mentioned the pay cap, generally in favorable terms.<BR/>But they all omitted one thing: stock options. Last year, CEO John Mackey's salary and cash bonus equaled $436,000, almost exactly 14 times the average worker's $32,000 salary. But he made $1.8 million exercising stock options, and received another $460,000 because of a company error that allowed stock options to expire unexercised. The grand total: $2.7 million. Another $4.4 million of options have vested, so he can exercise them if he wants.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-24215087.post-55428421394617548592007-02-19T15:35:00.000-06:002007-02-19T15:35:00.000-06:00So good to see "corporate" looking our for the cor...So good to see "corporate" looking our for the corps! Thanks for passing this along, Al.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-24215087.post-70714818973623851942007-02-18T15:11:00.000-06:002007-02-18T15:11:00.000-06:00Whoa. That. Is. Amazing. Thank you for sharing thi...Whoa. That. Is. Amazing. Thank you for sharing this!christiannehttps://www.blogger.com/profile/06278757714101308785noreply@blogger.com