union salaries revisited

[Tom Lehman]

Using the "Henwood Bloatation" scale, I ran a couple numbers on one of my
favorite steel industry executives.  The gentleman in question had an annual
salary of $1.4 million dollars and exercised options valued at 458k dollars
giving him an approx. 51.0 on the "Henwood Bloatation" scale in 1999.
Considering that steel isn't a particularly sexy business to be in these days
a 51.0 is respectable!

Tom

Nathan Newman wrote:


> Actually, I was thinking about general inequality measures, as when we
> compare what the top 20% of workers make versus the bottom 20%.  I am
> curious if the measures by folks noting increasing inequality are
> undermeasuring the true problem.
>
> -- Nathan Newman
>
> > -----Original Message-----
> > From: owner-lbo-talk at lists.panix.com
> > [mailto:owner-lbo-talk at lists.panix.com]On Behalf Of Doug Henwood
> > Sent: Monday, March 06, 2000 5:53 PM
> > To: lbo-talk at lists.panix.com
> > Subject: RE: union salaries revisited
> >
> >
> > Nathan Newman wrote:
> >
> > >Which highlights the fact that salary differentials are
> > understating general
> > >inequality, since stock options are a major source of income for
> > upper-end
> > >workers.  Anyone out there calculating wage differentials incorporating
> > >stock options?
> >
> > Which measures you talking about? Census Bureau measures, or the
> > stuff in the biz mags or on the AFL-CIO's Paywatch? For Census stats,
> > there are too few bigmoney CEOs to make much of a macro difference;
> > for the bizmags/Paywatch, they include options (though how to value
> > them is controversial).
> >
> > Doug
> >