End Subsidies To Corporate Fat Cats
Contrary to what many think, most conservatives actually don’t approve of “corporate welfare” (see: GM, Big Agriculture, etc.) and think it’s ridiculous when a company receives government subsidies when it pays salaries like this:
• Four vice presidents and producers pulled in more than $300,000 — and another 10 took home more than $200,000 — in pay and benefits;
• 145 of…950 employees — about 15 percent — earned more than $100,000.
• Ex-…president Henry Becton Jr. — now the station’s vice-chairman — made $160,873 in total compensation for working just 24 hours a week.
• Top brass pocketed more than $200,000 in bonuses.
[The] $425,000-a-year CEO, Jonathan Abbott, defended the salaries, saying he hasn’t had a raise since taking the helm in 2007 and that [the company] has to compete for talent with the country’s leading media companies.
“We also benchmark all of those salaries to comparable salaries at media and nonprofit organizations in this area and nationally,” Abbott said. “If you look at my compensation relative to . . . my peers in Boston or in this country, I am . . . paid a fair wage.”
Of course, I’m talking about WGBH, the Public Broadcasting station that “received $11.5 million in federal money this year— about 8 percent of its $156 million operating budget.” Obviously, that’s a crucial 8%. Keep those pledges comin’!!!!