Walking the talk on CEO pay

No tips without service: The board of directors of Overland Park-based Applebee’s restaurants has denied CEO Lloyd Hill his annual bonus after a year of slumping corporate profits. Hill could have received as much as $1 million in bonuses.
“We walk the talk when it comes to pay-for-performance,” said company spokeswoman Laurie Ellison.
More companies need to follow this example and put bloated CEO salaries on a diet.
Posted by Randy Scholfield

6 Comments

  1. writerdog
    Posted February 27, 2006 at 2:34 am | Permalink

    That is refreshing news, the company I work for…The store I work for has not had a bonus for over six years. But the manager has gotten his every year. There is something just not right about that.

  2. JUSTA GUY
    Posted February 27, 2006 at 6:23 am | Permalink

    If you figure it out, most CEO’s are making an excess of $200 dollars an hour 24/7. Life is good at the top.

  3. Joe Williams
    Posted February 27, 2006 at 9:31 am | Permalink

    I respect more of the CEO of JetBlue Airlines and CostCo. Those CEO’s make only around $200,000 a year. And they want it that way.

  4. Jed
    Posted February 27, 2006 at 10:46 am | Permalink

    I’d respect the Applebee’s board more if, instead of paying the CEO a whopping salary, they paid their waitresses and Kitchen staff a living wage.

  5. cookie
    Posted February 27, 2006 at 11:11 am | Permalink

    I couldn’t agree more. Where I work, the executives still got their big fancy bonuses this quarter, but because we weren’t particularly profitable last quarter, the employees got nothin’.

    If anything, it should be other way around. It’s the decisions that the higher-ups make that really effect profitablity, not that which us lowly cube-dwellers do.

  6. J R
    Posted February 28, 2006 at 10:49 pm | Permalink

    HERE HERE!

    It is a fundamental flaw of American business that an executive is chosen and precompensated for the short term gains he brings stockholders in for only the quick gain……and then post copensated to get out of the way so some one else can do worse.

    This business model began with the corporate raiders in the 80’s when the break up value of a company became more important than the life of the company.

    It has steam rolled forward now to the point where not just American jobs are seen as fair game. Now we are to the point of putting short term profit over the security of the nation itself.

    This news is very refreshing and I hope it continues. Elseways we will have a nation of very few rich people with a lot of money but no future affecting skills, and a whole lot of people with nothing to do and no future.