Pay packages at U.S. automakers don’t stand out compared with those at other U.S. companies. The median 2006 compensation for CEOs at 50 of the largest U.S. companies was $17.8 million, according to a USA TODAY analysis of data from Salary.com’s CompAnalyst Executive database. Packages included salary, bonus, perks and stock and options awards.
But U.S. executive pay outpaces that of Asian companies, including Asian automakers.
Detroit automakers have focused on the gap between their hourly workers and those of the non-union foreign automakers in the USA. Union workers say the executive pay gap should be examined, as well.
“There is a huge difference between Asia and here when it comes to the top executive compensation,” says Han Kim, a professor of business administration at the University of Michigan. “Rarely in Asia, especially Japan and Korea, do the CEOs get paid more than a million dollars.”
Japanese companies are not required to break out salaries and bonuses for top executives. Instead, they lump them together. Last year, Toyota’s top 37 executives earned a combined $21.6 million in salary and bonuses, according to filings with the Securities and Exchange Commission. U.K. firm Manifest Information Services, which analyzes proxy information, estimates Toyota’s top executive, Hiroshi Okuda, earned $903,000 in 2006.
At Honda, the top 21 earned $11.1 million, combined, in salary and bonuses, SEC filings show.
In an exclusive interview, a former Diebold vote machine contractor who was in charge of preparing the 2002 election between Saxby Chambliss and Max Cleland has stated that the software patches placed on the voting machines in the weeks prior to the election could have rigged the election in favor of Republican Chambliss. The contractor, Chris Hood, was ordered by the President of Diebold, Bob Urosevich, to install uncertified software patches on machines in predominantly Democratic counties, according to Mr. Hood. Saxby Chambliss won a surprising victory after trailing badly in the pre-election polls.
Stephen Spoonamore, a cyber security expert and lifelong Republican, has also stated that he believes that the 2002 Georgia Senate race was rigged in favor of Chambliss. “If you look at the case of Saxby Chambliss, that’s ridiculous. The man was not elected. He lost that election by five points. Max Cleland won. They flipped the votes, clear as day,” Spoon said in another exclusive interview posted on YouTube by VR at http://www.youtube.com/watch?v=SzKbigGoMoo.
BT has banned all future discussion of Phorm and its “WebWise” targeted advertising product on its customer forums, and deleted all past threads about the controversy dating back to February.
Subscribers to BT’s broadband packages had used the BT Beta forums to criticise its relationship with Phorm and raise concerns about the technical implications of ISPs wiretapping their customers. On Tuesday however, BT decided it had had enough and posted this statement:
Our broadband support forums are designed to be a place where customers can discuss technical support issues and offer solutions. To ensure that the forums remain constructive we’re tightening up our moderation policies and will be deleting threads that don’t provide constructive support. For example, we have removed a number of forum discussions about BT Webwise.
If you do want to find out more about BT Webwise, we provide lots of information and the facility to contact us at www.bt.com/webwise. We hope you’ll continue to enjoy being part of the support community.
Pro-tip: If you have to suppress speech about what you are doing, you shouldn’t be doing it.
The Pentagon has become embroiled in a row after the US Army released a photo of a general to the media which was found to have been digitally altered.
Ann Dunwoody was shown in front of the US flag but it later emerged that this background had been added.
The Associated Press (AP) news agency subsequently suspended the use of US Department of Defense photos.
A bright light lit up the sky around 5:30 MT Thursday evening in Western Canada, with people reporting sightings in Alberta and Saskatchewan.
There was an assignment in my class in which we were to give a short presentation on pretty much any subject. I decided to make a music video.