KnightFlyer

Billionaire CEO Paychecks 2014

1. Larry Ellison
Company: Oracle
2014 Compensation: $67.3 million
Current Net Worth*: $53.6 billion

2. Rupert Murdoch
Company: Twenty-First Century Fox
2014 Compensation: $23.9 million
Current Net Worth**: $13.7 billion

3. Meg Whitman
Company: Hewlett-Packard
2014 Compensation: $19.6 million
Current Net Worth: $2.1 billion

4. John C. Martin
Company: Gilead Sciences
2014 Compensation: $19 million
Current Net Worth: $1 billion


5.Frederick Smith
Company: undefinedFedEx
2014 Compensation: $14.1 million
Current Net Worth: $3.8 billion

Jetjok

KnightFlyer,

So what's your point? Is it that Fred Smith is only the 5th highest paid billionaire on Forbes' list? Or is it that he was paid a compensation package worth 14.1 million last year, or that he's worth around 3.8 billion? Regardless, I'm not sure what this has to do with the pilot contract or the current negotiations? Do you think if he took a pay cut, to let's say 500K/yr, that the contract would be made any better or that negotiation would conclude any sooner? I doubt it.

MaydayMark

I've NEVER had a problem with what Fred gets paid ... he's worth it. I worry about what will happen to the company when he retires one day!*?

He had a brilliant idea, he risked a significant amount of his personal wealth, he worked hard and got rich! It's the American Dream. That's how business is supposed to work.

We go to work, we work hard (at terrible hours!), we sacrifice time and holidays with our families. It would be interesting to see how our "on-time stats" compare with our passenger carrying peers?

I bet Fred doesn't negotiate for 5 years to get a cost of living increase (notice that I didn't say "raise"). We shouldn't have to either! We've earned and deserve more respect than we receive (AND A RAISE)! FedEx can afford it!*?

I don't want to be treated like Fortune 100 Executives but please treat us like the mid level managers that we are. I don't think that's being unreasonable?

Mark2792

I like Fred too, in fact I revere him for setting up this wonderful company and giving me and my family financial stability. I'm GLAD he's worth $3.8G, but I've been without a contract for 3.8+ years and I'm disappointed that he hasn't grabbed the collection of Ivy league suits at Hacks Cross and said to them:

"What are you doing? This isn't the way that I want this company run-"

captainchaos

Blasphemy alert:

Actually, I'm not that punch-drunk crazy about Fred.

He was born with a relative silver spoon in his mouth. He's reportedly treated business associates harshly, if not unfairly. He buys politicians. He allows others to exaggerate his honorable U.S. military service.

In his past he's demonstrated an inability to handle alcohol, and never owned up to it. His offspring has had similar difficulties with substance abuse. I'm wondering what kind of parent he was.

He's a union-buster. He apparently despises organized labor and specifically the pilots who serve his company and have been committed to its profitability. He plays games with calling employees from other business units "contractors." He thinks it's not his problem if pharmaceuticals are illegally shipped through our system.

At this point I think his personal input to business decisions have very little to do with the company's profitability. Although he nominally owns the company per his stake in it, he's at the cusp of becoming yesterday's story.

He's had his day in the sun and done a lot of good in the process. But I'm convinced it would be a good time for him to face his career curtain. What will be the character of the person who ultimately succeeds him? It's worrisome, but we're keeping our fingers crossed.

He's the kind of person I would not trust with a handshake promise. So, I'm not really purple punch-drunk crazy about about Fred.

Sorry.

Viper446

Give it a rest. This has nothing to do with our contract.

Viper446

[QUOTE=captainchaos;1868829]Blasphemy alert:

Actually, I'm not that punch-drunk crazy about Fred.

No one is. But he's kept the company going and making profit through the hard times. Do I love Fred, no. Am I thankful he created FedEx, YES!. If I can retire at 60 or later and still have a pension, I'll be fing rich. And I will have 25 and a high five with at least 20yrs or more of 401K contributions. Some guys are going to walk away with some good cash, other not so much. The pension needs to stay.

Busboy

You'll be fing rich? I guess it's all relative. If Smith earned just 3% on his $3.8 billion...His return would be $114 million per year.

Now, that's rich!

Based on what I've observed the last couple of decades...He has definitely lost touch with "his" own PSP philosophy. And, his sole focus is now on enriching himself, his investors and his cronies.

It makes me want to puke when I hear fellow workers still refer to him, as if he was a friend of ours. Those days are long gone. If they ever truly existed.

champ42272

3% of $3.8B is $114M is wealthy.

Michael Jordan is rich, the man who paid his salary in Chicago is wealthy.

Anthrax

Michael Jordan is a billionaire. Pretty sure that's wealth. As to CEO pay, there's an interesting documentary entitled, Inequality for all, which makes a compelling case that as corporate officers pay increases, labor pay and benefits decrease.