Thursday, April 28, 2011
Wealth Inequity -- 1 vs. 200
I heard two consecutive news items the other day. In the first, the CEO of Pacific Gas and Electric -- you know the company that blew up the San Bruno, CA, neighborhood -- is getting a $35-million retirement package. The very next story was about Nevada schools which will be forced to lay off 200 teachers and make other cuts, due to budget deficits. The deficit? $35-million dollars. The irony is that one person's package is enough to keep 200 teachers employed. I'm not shorting people's ability to make money for what they do, but I don't think that any CEO is worth 200 teachers, no matter what he or she does.