Hows this for a pay raise???

[jsledder]

And mind you, Anheuser-Busch InBev execs received a 79% pay increase in 2008, reminds Paul Hodgson of The Corporate Library, an independent corporate governance research firm. The increases are mainly due to gains from stock options and stock vesting.

Anheuser-Busch InBev top brass aren't the only beer execs getting in on the act. Molson Coors Brewing (TAP, news, msgs) chief Peter Swinburn got a 120% pay increase in 2008, to $6 million from $2.7 million the year before, according to company reports. And Boston Beer (SAM, news, msgs) chief Martin Roper saw his pay go up 28% last year to $2.75 million, according to company filings.


Why beer costs more.

We get mad at the oil companies for doing the same thing, but don't think twice about dishing out $20 for a round (4 people) of beers at the local pub.

 

[skibreeze]

When I hit performance targets, I get paid more also.

 

[XC700116]

Unlike some I don't get mad at execs for getting a big azz pay raise when the company is doing well, some of these stories are sscewed so out of proportion just do to they stock market fluctuations.

ie: if a CEO is granted a salary + a certain number of shares (stock options) his "pay raise" can be based solely off of company stock performance.

The company I work for in the last 3 years went from mid $20 a share up to over $100 and now back to the mid $80's so the CEO's bankroll has significantly increased just due to that alone.

Now where it gets my undies in a bunch is when the company is tanking and the CEO's and upper execs still get a big healthy pay raise. ie: the airlines (federally regulated more than nearly any other industry in this country except oil companies)

 

[jsledder]

I agree....

 

[Weekday Warrior]

I could give two chits how much a beer ceo gets paid, until they start begging for a bail out..then they just need to fail somoene more competitive with lesser paid ceo's will take up the slack. If they pay their execs too much then their beer price will go up and peeps will drink something else.


But this looks like their playin a game to me, coors sells huge amounts of beer so in a move to drive up price points on smaller beer companys they up their CEO sallary a bunch and force other beer manufactures to pay their CEO's more, but they can't eat it so they up their beer price then folks buy the cheaper coors beer.


not like we gotta drink coors or bud, I say support your local brewery and not drink the same ol same ol all the time. I like to sample