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<P class=MsoNormal style="MARGIN: 0in 0in 0pt"><FONT face=verdana,geneva> [quote user="schlimm"]</FONT> <P><FONT face=verdana,geneva>It's a term found in any proxy relating to the directors. BTW, this discussion works better if you would answer some questions I posed to you, as well as ask more of me.<BR></FONT></P><FONT face=verdana,geneva>[/quote]</FONT> <P class=MsoNormal style="MARGIN: 0in 0in 0pt"><FONT face=verdana,geneva></FONT> </P> <P class=MsoNormal style="MARGIN: 0in 0in 0pt"><FONT face=verdana,geneva></FONT> </P> <P class=MsoNormal style="MARGIN: 0in 0in 0pt"><FONT face=verdana,geneva></FONT> </P> <P class=MsoNormal style="MARGIN: 0in 0in 0pt"><FONT face=verdana,geneva>Here is a question you asked:</FONT></P><FONT face=verdana,geneva> <?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /><o:p></o:p></FONT> <P class=MsoNormal style="MARGIN: 0in 0in 0pt"><FONT face=verdana,geneva>"I'm not comparing them with their average workers, although a differential of <B>~200-500:1</B> does seem unnecessarily high, even if they are really exceptional. And as I said earlier, this ratio represents a sea change compared to what US CEO's were receiving as a ratio to average workers 30 years ago. Do you believe they were severely underpaid in the past?"</FONT></P><FONT face=verdana,geneva> <o:p></o:p></FONT> <P class=MsoNormal style="MARGIN: 0in 0in 0pt"><FONT face=verdana,geneva>Here is my answer:<SPAN style="mso-spacerun: yes"> </SPAN></FONT></P> <P class=MsoNormal style="MARGIN: 0in 0in 0pt"><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 'Times New Roman'; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA"><FONT face=verdana,geneva></FONT></SPAN> </P> <P class=MsoNormal style="MARGIN: 0in 0in 0pt"><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 'Times New Roman'; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA"><FONT face=verdana,geneva size=2>No, I do not believe they were severely underpaid in the past.<SPAN style="mso-spacerun: yes"> </SPAN>I have no basis to conclude that.<SPAN style="mso-spacerun: yes"> </SPAN>I also have no basis to conclude that they are overpaid now.<SPAN style="mso-spacerun: yes"> </SPAN>All the statistics show me is that they were paid less then than they are now.<SPAN style="mso-spacerun: yes"> </SPAN>I can’t see any way to determine if back then, wages were too low, or now they are too high.</FONT><SPAN style="mso-spacerun: yes"> </SPAN><SPAN style="mso-spacerun: yes"> </SPAN><SPAN style="mso-spacerun: yes"> </SPAN></SPAN></P>
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