Exelon CEO Rowe received 2008 pay package totaling $12.2M

John Rowe, chairman and chief executive of power generator Exelon Corp. , received total compensation of $12.2 million in 2008, a 10 percent increase from 2007, according to a regulatory filing Thursday. Full Story
Tishanda

Chesterton, IN

#1 Mar 19, 2009
how dare he receive such a large compensation package!!!! millions of americans are out of work and exelon wants to keep raising my bills but this guy gets a big fat raise???? President Obama needs to have congress stat an investigation into this; i should not have to worry about paying my bills when this guy is getting all our money!
David

United States

#2 Mar 19, 2009
They didn't receive any bail out money. Obama doesn't need to do a thing. his pay is performance based. He brought in billions of revenue, and didn't receive that much for a CEO in liquid cash. No need to get upset about that.

The reason their rates rise is because the cost of other services rise. As is normal in business, the cost is passed to the consumer.
Crystal

Chicago, IL

#3 Mar 19, 2009
As Mr. Rowe and others are rolling around in all that fat cash, ComEd retirees fear that they may lose their health care and pensions. That's a terrific way to run a company.
why not

Chicago, IL

#4 Mar 19, 2009
David wrote:
They didn't receive any bail out money. Obama doesn't need to do a thing. his pay is performance based. He brought in billions of revenue, and didn't receive that much for a CEO in liquid cash. No need to get upset about that.
The reason their rates rise is because the cost of other services rise. As is normal in business, the cost is passed to the consumer.
And how did he bring in billions in revenue? The stock price went from $73 to $44. My Comed rate went up approx. 75% this year and I doubt the cost of their "other" services went up 75%.
Sounds like you work for Excelon.
zermatt

Chicago, IL

#5 Mar 19, 2009
Tishanda wrote:
how dare he receive such a large compensation package!!!! millions of americans are out of work and exelon wants to keep raising my bills but this guy gets a big fat raise???? President Obama needs to have congress stat an investigation into this; i should not have to worry about paying my bills when this guy is getting all our money!
Disappointed in your life choices?

To get to that level of compensation is not by chance and it requires greater effort than most people are willing to make. The company he leads made money last year and his leadership probably contributed to that success.

You want the president to dumb down this country and to bring the level of compensation in line with what you think is fair?

When Mr. Obama was paid millions for the sales of his books did you complain that the books were too expensive and that what he earned for the books should have been used to reduce the cost of the books?

I get it. You are not going to be happy unless no one else makes no more than you.

Just curious, if you were to win the lottery would you insist that the winning be in keeping with what you earn now?
zermatt

Kennerdell, PA

#7 Mar 19, 2009
Da Mayor wrote:
It must be real hard to run a Monopoly! They can probably find a competent CEO for less than $1 million per year.
Send them your resume and your salary requirements. You have nothing to lose.

There are plenty of competent people. Competent is almost equal to mediocrity.

Therefore, shareholders know that competent is not good enough.
SaneOne

Lombard, IL

#8 Mar 19, 2009
While our rates go up these greedy s$o$b's are taking us for a ride. And they want to raise our rates again. They need to be put in prison!!!!!!!!
Jim

Riverdale, IL

#9 Mar 19, 2009
Bust the Trusts!
sara

Chicago, IL

#10 Mar 19, 2009
dumb.
Kris in Broadview

Wheaton, IL

#11 Mar 19, 2009
Didn't Exelon just say they needed to raise rates?????? Criminal, and so are the lawmakers that support the rate hikes.

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