Thursday, January 29, 2009

Starbuck$

Now here is something you don't hear often. Big company big cheese taking a pay cut as his company struggles. Good on yer.
Starbucks' chief executive, Howard Schultz, is joining in the belt-tightening by asking the company's board to cut his basic salary from $1.2m to $10,000. Schultz, 55, dropped off Forbes' list of the world's billionaires last year as the value of his stake in Starbucks plunged.
Compare and contrast with the fuckers at Lloyds.
Lloyds Banking Group has sounded out shareholders about a change in its executive remuneration plans that could generate pay rises for its directors despite being bailed out by the taxpayer.
As it happens the shareholders told them to go fuck themselves.

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