posted on May 19, 2003 07:16:33 AM
This is from auctionbytes.
CEO Meg Whitman received a salary of $250,008 in 2002 with a $419,698 bonus and personal use of the corporate jet and chartered flights. Effective March 1, 2003, Whitman will receive a salary of $990,000. She was also granted an option to purchase 550,000 shares of eBay stock, vesting over four years.
I guess that's where are money goes. I hope they give the little guys a raise so that they can keep eBay running smoothly. That is more important to me than Meg getting a raise. I want to know what does one person do with all that money. It is beyond my comprehension a salary like that. When I read about all these CEO's I think about all the people that have nothing. Trying to survive.
I wonder if Meg's husband is still practing Medicine and if so he is making a bundle also. Remember he was a Neurosurgeon in his life before Meg came to eBay.
posted on May 19, 2003 09:38:47 AM
It is called Free Enterprise. Like it or not it is the people with money who keeps the little people like us making a living. If tomorrow everyone was given a million dollars the next day there would be rich people and poor people. Some know how to make and keep their money to multiple it and others just know how to spend it. If everyone were equal in terms of money it would be a socialist government and 97% of the population would be poor while the rich would be telling us how to live.
I help serve food at a soup kitchen every Friday and see the bottom of the wealth ladder. I know all too well "but by the grace of God there go I". Our government has stood for 200 years the way it is and I hope it doesn't change. We all have a chance to make it, some just have to fight harder than others. I'm glad there are people like Meg who employ many people and help the Free Enterprise going. Without the wealthy and higher middle class creating jobs we would all be in the soup line eating the food instead of serving it.
posted on May 19, 2003 10:40:57 AM
I am surprised it is so low. There are CEOs out there making FAR more than her, whose companies are probably not doing as well.
The appropriate salary for a Meg Whitman (as well as anyone else), is what they can get the company to spring for.
