BusinessWeek has an interesting article about the economics of regional airlines — the smaller companies that are subcontracted to operate the less profitable routes for major airlines. Some were stunned to find out that first officer on the flight that crashed in Buffalo, NY only made $23,900 a year. Is this too little?
The New York Times has an article discussing Congressional proposals to limit executive pay. Although the financial industry may deserve a pay cap, the author argues, other industries would be harmed by a cap.
Verizon will deign to consider an advisory vote on executive compensation from shareholders starting in 2009. Shareholders demanded the right to vote on executive pay at last year’s annual meeting. Verizon CEO Ivan Seidenberg’s salary increased 11% last year to $21,309,264. Seidenberg’s salary has risen consistently, unlike Verizon’s profits.
Let’s face it, women don’t get paid as much as men. Why is this? Aside from obvious reasons like “Men are sexist douchebags” there’s also the fact that fewer women negotiate when it comes to things like salary offers or their yearly raise. Why? Who knows. The point is, it’s appropriate to negotiate. If the men in your office are getting paid more than you are, put a stop to it with a few negotiating tips from Bankrate.com: