Originally Posted by Plato90s
This article appeared in the Op-Ed section of the paper.
No, it was in the Business section. However, Gretchen Morgenson is a columnist and not a reporter.
Having said that, I find her columns to be insightful and reasonably fair in general. Who can argue with the following?
"But why Mr. Purcell, who made $22 million last year in salary, bonus and restricted stock, needed to bill AMR shareholders $14,528 in travel and taxes last year is a puzzler.
"That any of AMR's directors would choose to bill shareholders for the taxes generated by travel is just another data point for your "executive excess" file. It's not a lot of money. Then again, that's what makes it so cheesy.
"Do members of the executive class pay for anything they use or consume? Is it not enough that they make piles of money? Does every single product or service have to show up on some shareholder's tab?
"Alas, the answer becomes more obvious by the day."