Posted
Six Flags Entertainment CEO James Reid-Anderson received compensation valued at about $9.3 million last year, up 230% from the $2.8 million he received in 2011, according to a proxy filing made with securities regulators Tuesday. Reid-Anderson also cashed out previously awarded stock options and restricted shares that vested in 2012, gaining nearly $71 million.
Read more from USA Today.
I think it depends on if you're looking at single income or family income. $100k a year is apparently a lot if you're making it alone, but not a big deal if that's the total between you and your spouse.
Jeff - Editor - CoasterBuzz.com - My Blog
Also, a couple million isn't "off base" for a guy who's increasing revenues, attendance, and profitability. Contrast that with, let's say, the good people at Hostess, where the management team was responsible for overseeing the demise of a company. Maybe huge raises and bonuses presumably "to keep the best and the brightest" isn't really applicable when all the metrics show a dramatic decline?
"Fairness" isn't about everyone making the same amount of money - it's about making what you earn. I tend to think more people have a problem with the CEO of a sinking ship taking the golden parachute into his life raft while the liner goes to the bottom of the sea. but I like mixing metaphors, so....
As always, all opinions are the property of my twisted mind, and do not necessarily reflect the views of Coasterbuzz, Inc....or something.
Sit in a boat and collect $8,000 or sucessfully run one of the largest amusement park companies in the world and get $9.3 million.
In comparison, the boat guy was still overpaid.
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