American eyes focused on the wrong objective. It's NOT all about the Benjamins

'Mediocre' CEO Blasted For $200 Million Pay: 'You Could Hire 2,000 Schoolteachers For That' (Click on this link for the original post)

By Rebecca Leber    on March 12, 2014 at 10:11 am
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A trustee of the investment management firm Pacific Investment Management Co. (Pimco) is speaking out about the disconnect between the CEO's pay and his company's success, blasting chief executive Bill Gross for taking home a $200 million salary despite his "mediocre" work.
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"You could hire 2,000 schoolteachers for that money," former financial executive and one of five Pimco trustees William J. Popejoy told the Los Angeles Times. "I don't know what Bill should be paid, but $200 million is not appropriate."
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Popejoy also disagreed with Gross' management, calling it "bullying, if what I read is true." He was referring to a Wall Street Journal article that skewered Gross for the strange company culture, which discouraged employees from making conversation and even eye contact with him.