LI CEOs make less as economy crumbles

LI CEOs make less as economy crumbles

There are 7 comments on the Newsday story from Apr 21, 2009, titled LI CEOs make less as economy crumbles. In it, Newsday reports that:

Many local businesses did not fare well in 2008 as the economy crumbled, and the chief executives of the three largest Long Island companies did not make as much money as they did in 2007, although among them they received total compensation of about $22 million, according to financial filings.

Join the discussion below, or Read more at Newsday.

No CA

Massapequa, NY

#1 Apr 22, 2009
Where is CA on the list? Not suprising that the new management team is not taking a hit, just the employees.
mrstretch

United States

#2 Apr 22, 2009
FREE BERNIE MADOFF! He only did to the rich, what the rich have been doing to the poor & middle class FOR CENTURIES!
Walt

Watertown, CT

#3 Apr 22, 2009
At $7,000,000 a year works out to be about $20,000 a day every day of the year.
Boy that must be HARD work if you can get it!!!(and still have your company lose money)
do it

Bronx, NY

#4 Apr 24, 2009
No CA wrote:
Where is CA on the list? Not suprising that the new management team is not taking a hit, just the employees.
CA is a terrible company that doesnt know how to treat its employees. Its a top heavy organization that just plain stinks.
jeff

New Hyde Park, NY

#5 Apr 27, 2009
My heart bleeds for all of them. No one is worth 12 million a year!

Since: Dec 08

New York, NY

#6 Apr 27, 2009
I heard violins playing in the backround I=as I was reading this.

My heart goes out to the poor CEO's who have to cut back on their gluttony.
do it

Bronx, NY

#7 Apr 28, 2009
jeff wrote:
My heart bleeds for all of them. No one is worth 12 million a year!
i def dont care that they are getting pay cuts but i dont think any one of you know what it takes to become a CEO of a multibillion dollar organization.

professonal athletes get paid as much as they do bc no one else has the ability they do....same concept with a CEO

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