Gimme, Gimme, Gimme

Abstract

Pavel felt that he had had a good day. At the most recent board meeting of the Raler Company, he had managed to push through a salary and bonus packet worth $20 million. He was quite pleased with the fact that his CEO-to-worker pay ratio stood now at 400:1. But in spite of his formidable pay packet, it niggled him that some of his colleagues in other listed companies were making more than he was. All was not lost, however. He had other irons in the fire. His purchase of the most advanced Gulfstream corporate jet made him feel better—at least for the moment. Raler had also paid for his New York penthouse apartment, and aside from these financial windfalls, he had a generous expense account. The way he had set it up gave him unrestricted opportunities to claim for many personal items, including yacht rental of $20,000 the previous summer.