Six Flags CEO compensation triples in 2012
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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.
Lord Gonchar said:
Income gap! Occupy Wall Street! Whine a lot and make signs!
I know! (Although, according to statistics, all you need to make is over $340k to be a one percenter). Still, it's a lot!
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.
They must be selling lots of Flashpasses to compensate...
People, let's not lose focus on the real social ill. Surely, it is the wheelchair-bound plaintiff who recovered less than 1/1000th of this amount in a lawsuit against Disney.
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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