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Technology Stocks : Amazon.com, Inc. (AMZN)

AMZN 232.52

+0.1%

Dec 26 9:30 AM EST

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To: snoman who wrote (124811)	5/8/2001 10:19:21 PM
From: Kevin Podsiadlik	Read Replies (1) of 164684

That reminds me of the experience Ben & Jerry of ice cream fame went through attempting to hire a new CEO for their company. Being good liberals, they had a policy that no one in the company could make more than a certain multiple of the lowest-paid worker's salary. At the time, IIRC, that came to a little under $200,000. So they set out to recruit a CEO who was willing to accept their corporate salary cap. Shockingly enough, they did not find a single qualified applicant willing to run the company for the salary offered. People make large salaries because other people are willing to pay them large salaries. Why this fact makes people angry is beyond me.* But I guess I was born dumb too. -- *Actually that's not true, I have heard of the concept of "envy". Seems a sad policy under which to run one's life, though.

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