Path: utzoo!utgpu!news-server.csri.toronto.edu!rutgers!mit-eddie!uw-beaver!uw-june!dylan
From: dylan@cs.washington.edu (Dylan McNamee)
Newsgroups: comp.sys.amiga
Subject: Gould, CBM make the Wall Street Journal
Message-ID: <13671@june.cs.washington.edu>
Date: 8 Nov 90 16:09:06 GMT
Reply-To: dylan@june.cs.washington.edu (Dylan McNamee)
Distribution: usa
Organization: University of Washington, Computer Science, Seattle
Lines: 27


I don't see any messages, so I'll start the thread:

Today's WSJ has an article about Management during hard times, and
how often management asks everyone but itself to tighten belts during
hard times.  The second anecdote is about our beloved Irving Gould;

"Often, however, tough times don't translate into leaner paychecks for 
senior management.  Consider Commodore International Ltd. where Chief
Executive Irving Gould recieved a 40% pay raise last year, while the
company's profits plunged 97%.  What's more, Mr. Gould's cash salary
of $1,750,000 for the year ended June 30 was higher than Commodore's
net income of $1.5 million.

"The company, a maker of personal computers, declines to comment.  But
shareholders, who learned the news in a recently released proxy 
statement, have expressed outrage.  'Mr. Gould has shown no restraint
whatsoever,' says Richard Ash, a Philadelphia attorney and Commodore
shareholder.  'He's taking a salary he's not entitled to.' "

I knew there was a flap about his wages--but more than the company's
profit?  Wow.  No wonder the stock is flagging at 6.

dylan
-- 
dylan mcnamee				"...I put the Mu in Mother Goose, 
dylan@cs.washington.edu			 the Doc in Doctor Seuss..." Young MC