Shareholders rip PPL executive's salary

Full story: The Morning Call

PPL CEO Jim Miller hosts the annual shareholders meeting at the Fogelsville Holiday Inn conference center on Wednesday.

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LehighValleyLoca l

Palmerton, PA

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#1
May 20, 2009
 
Who is on PPL's compensation committee? Probably the same good ol boy network of CEOs that keep all of their salaries high as in most industries.

US CEO pay is totally out of hand, while the wages of average workers have gone down over the past 5-10 years.
Average Person

United States

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#2
May 20, 2009
 
$ 5.6 million dollars a year. I could live on that for the rest of my life. How much is electric going to increase, maybe we can ask Mr. Miller to help supplement our bills.
Bruce Banner

Philadelphia, PA

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#3
May 20, 2009
 
CEO's never deserve nor earn what they make... oh well.. guess we need to learn to keep the CEO off of the boards that make these decisions..
bobby

Allentown, PA

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#5
May 20, 2009
 
CEO outrageous salaries are killing this country. The "thorough searches" compare executives to executives. How about comparing CEO salaries as a realistic ratio to what average workers get . I get very high ratings in my job performance and I don't make in a year what Miller makes in a week, and my co-workers and I work our butts off. But, when my electric rates go up it won't be so easy for me to pay my bill as it will be for the CEO: STOP FEEDING AT THE CORPORATE GOOD OLD BOYS TROUGH OF GREED!!!!!!!!! You are the guys who are screwing up this country. You don't give a damn about those who have lost their jobs, had salary reductions far greater than yours, or pay significantly more for health insurance than you do, or don't have any at all. Maybe it's time for the common people to "Storm the Corporate Bastilles"!!!!!
a reader

United States

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#6
May 20, 2009
 
"We know what you earn," shareholder Doris Benner said to Miller at the meeting. "No man or woman is worth that much."

Way to go Doris!!! I applaud you for putting this CEO on the spot. The public needs to do more of it, CEO / corporate greed is out of control in America and it's about time they have to wiggle in the spotlight.
Obamination

Allentown, PA

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#7
May 20, 2009
 
PPL could retain me for half that salary.
local

Allentown, PA

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#8
May 20, 2009
 
Reporter. Surely more happened at the meeting than these few words! Come on. You mean no one raised the lissue of ooming 45% rate increases on the horizon?
I care

Chesterfield, MO

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#10
May 20, 2009
 
The rates keep going up, but the CEO earns 5.6 million $$$'s. Unreal, but then again what CEO isn't making good money while the one's who are actually working get nothing. At my job I am losing benefits at a very steady rate and no pay raise either, but the CEO still gets his fat paycheck. I won't make $5.6 million in my life time and I can't retire until I am almost 70.
Reader

Allentown, PA

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#11
May 20, 2009
 
The Morning Call wrote:
"On balance, it is very heavily weighed to be based on performance," Miller said about his compensation.
Obviously, the performace standards aren't high enough.
Showing up for work every day does not count toward performance.
Stoney

Allentown, PA

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#13
May 20, 2009
 
Obamination wrote:
PPL could retain me for half that salary.
I will take the job for 1/2 of your salary, still will be more then i make in 3 yrs.
feeling sorry

Newtown, PA

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#14
May 20, 2009
 
I feel soo sorry for Jim Miller only 5.6 million? how will he ever put food on his table? I know lets raise rates!
tre1223

Allentown, PA

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#15
May 20, 2009
 
Until individual shareholders are allowed a seat and a say, things like this will go on. Note I said shareholders, not community activists and the like.
tre1223

Allentown, PA

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#16
May 20, 2009
 
I do the job for 1/5 of that!

Just think what the BOD could do with all of that money saved!
tre1223

Allentown, PA

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#17
May 20, 2009
 
I care wrote:
The rates keep going up, but the CEO earns 5.6 million $$$'s. Unreal, but then again what CEO isn't making good money while the one's who are actually working get nothing. At my job I am losing benefits at a very steady rate and no pay raise either, but the CEO still gets his fat paycheck. I won't make $5.6 million in my life time and I can't retire until I am almost 70.
MBA's are ruining this country.

They honestly believe they are worth this money when the economy is in tatters and people are losing everything.

They must teach Hubris 101 at business school.
tre1223

Allentown, PA

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#18
May 20, 2009
 
To put $5.6 Million in perspective, that is $15,342 each and every day of the year.

.....for running a company which is not really innovative and basically has a captive (and somewhat guaranteed) market.
We Need More Options

Allentown, PA

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#19
May 20, 2009
 
I think it's about time that we start looking into bringing PECO or another electric company into this area! Hey PPL, before hiking up rates on the honest and hardworking people, start by reducing the salaries of all company executives and once that option is exhausted, then let's talk about a rate increase!
Suz

Schnecksville, PA

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#20
May 20, 2009
 
He keeps his money, while getting rid of employee's with many devoted years. Many who were almost retirement age!!! I'm a stockholder, and I think he should go!
hysterical

Flanders, NJ

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#21
May 20, 2009
 
It does make you wonder what he's doing to justify that kind of paycheck. I have no problem with CxOs being compensated well for good performance, but unless it's tied to something tangible I don't see how this helps PPL's other stakeholders.

Having one or two guys in the company making gazillions and everyone else getting the shaft is a recipe for disaster.
shareholders

Slatington, PA

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#22
May 20, 2009
 
thats right why do they make money on the little guy an save there money going public yea thats just another way for them an the goverment to take more money of the people an save there investments what a deal only in america give them more of your 401 k an make them millions an loose your millions
Give me a break

Cranbury, NJ

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#23
May 20, 2009
 
What about "Professional Athlete" pay? Where is the outrage on that? To fund dog fights, spousal abuse, drug abuse?

PPL is paying a market rate for their CEO.

The entire market is down 35%; not just PPL. Just the Mourning Call out again to attempt to sell their trash paper with gotcha headlines!

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